The Japanese Prime Minister Shinzo Abe resigns because of an illness. As the longest-serving Prime Minister, Abe’s resignation brings an unstable factor to the whole nation. So, the Japanese Yen goes down crazily today.
The red volume went up as expected. Also, the MACD went through a death cross. And the RSI went down sharply from the overbought point.
I believe the Bollinger Bands would be abroad soon since the Japanese Yen already started fluctuating.
I do not think this is a good time for any investment in Japanese Yen. The fundamental news may not be strong enough to push the price to go down continuously.
Let’s wait to see more signals
The red volume went up as expected. Also, the MACD went through a death cross. And the RSI went down sharply from the overbought point.
I believe the Bollinger Bands would be abroad soon since the Japanese Yen already started fluctuating.
I do not think this is a good time for any investment in Japanese Yen. The fundamental news may not be strong enough to push the price to go down continuously.
Let’s wait to see more signals
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.