Well, in this technical analysis, I change my mind because I have and bring you important news of USD. So, the firstly, I find up a bearish divergence at H4 timeframe, also, the only I hope is that price it's going to the resistance in H4 mark in green clear to entry in a short position until the 0.236% of Fibonacci levels to take my profit and pick up 50 pips as my goal.
So, guys. In this screenshoot it's the H1 timeframe and this is i hope.
Now, I have a bad news for USD that this morning I was reading that. So, US is not a good conditions in the US stock market, lost traction yesterday after a report from medical news website STAT said early yesterday that data from Moderna Inc's waht COVID-19 vaccine was insufficient to creation. Also, the other fundamental analysist is that Data showed US homebuilding dropped by the most on record last month and permits for future construction tumbled. So, the most bad impact is that could continued to suffer from a steady improvenent in risk appetite.
So, I see that if USD/JPY drop a lot that wil hopping inimagible, so, a drop of 1.13% it's can be affected for USD.
Remember that yesterday I make a technical analysis and I mentioned in my last technical analysis of this par that we need to closed manually the position because the price doesn't have force to continue upper.
So, guys. In this screenshoot it's the H1 timeframe and this is i hope.
Now, I have a bad news for USD that this morning I was reading that. So, US is not a good conditions in the US stock market, lost traction yesterday after a report from medical news website STAT said early yesterday that data from Moderna Inc's waht COVID-19 vaccine was insufficient to creation. Also, the other fundamental analysist is that Data showed US homebuilding dropped by the most on record last month and permits for future construction tumbled. So, the most bad impact is that could continued to suffer from a steady improvenent in risk appetite.
So, I see that if USD/JPY drop a lot that wil hopping inimagible, so, a drop of 1.13% it's can be affected for USD.
Remember that yesterday I make a technical analysis and I mentioned in my last technical analysis of this par that we need to closed manually the position because the price doesn't have force to continue upper.
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So, this updated it's what can be happen, because we are in the supply zone
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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.