USDJPY GOOD OPPURTUNITY TO BUY
USD JPY is bearish on the hourly chart while the RSI shows divergence = underlying strenght bears could weaken this combined that if price moves a bit lower we are at the lowest point since 2014 wich is unlikely going to happen.
We are also looking at an overextended wedge pattern this means a potential reversal could happen at least to 107.850 that's what I'm aiming for maybe further when the FOMC intrest rate increases
Advance Retail sales is a highly volatile event and is difficult to predict wich is kinda dangerous so make sure your risk is not overexposed maybe ad a small short position
We are also looking at an overextended wedge pattern this means a potential reversal could happen at least to 107.850 that's what I'm aiming for maybe further when the FOMC intrest rate increases
Advance Retail sales is a highly volatile event and is difficult to predict wich is kinda dangerous so make sure your risk is not overexposed maybe ad a small short position
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.