Bipolar USD/JPY
I guess we could have 2 different cenarios here, with the gann fan we can see that the pair is reaching the 2:1 level, with that, and as you can see with the ichimoku Hyo the pair already pass the bottom line from Senkou Span, and are struggling at the top line,are this a probably new support zone? we can see too that the candles are above the blue line( Kijun Sen ), in Ichimoku this means that the pair tends to continue the bull trend.
The other cenario, as you see at the graph too, a possible resistance zone is being formed, and the RSI is at a high level too.
So, at a short cenario I guess the pair could go down, maybe, and for the long run I guess it will go bullish
The other cenario, as you see at the graph too, a possible resistance zone is being formed, and the RSI is at a high level too.
So, at a short cenario I guess the pair could go down, maybe, and for the long run I guess it will go bullish
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.