U.S. Dollar / Japanese YenUpdated A possible buy in
Buy back in long or wait and see the what it decides. about to break out of the yellow up trending line since March 2021. RSI showing it is over bought yet MACD and analysis are saying its a buy as well as the trading view currency information While Currency heatwave shows weakening in both currencies.
due to high RSI almost 80 to above it may be worth watching due to chance of a hard crash. However, current and past trend disagree with this theory. as of right now holding for an hour looks to be a short while longer appears to definitely hold to a long position. If it shows a continued uptrend after this current 15-30 minute low, probably buying back in.
due to high RSI almost 80 to above it may be worth watching due to chance of a hard crash. However, current and past trend disagree with this theory. as of right now holding for an hour looks to be a short while longer appears to definitely hold to a long position. If it shows a continued uptrend after this current 15-30 minute low, probably buying back in.
Note
Well due to a weaker dollar and topping a heavy resistance running back from April of this year, I doubt, I'll see a good solid long position for a little whileNote
as of now, we have had a nice pull back. Depending on the strength of the US dollar vs the Yen, we could see a continued pull back which would be nice upon opening Sunday or a possible retest. According the the 30 minute Ichimoku strategy, we are looknig at a continued down trend and my parallel lines are showing that as well. however, on the 15 minute chart, we are seeing the price moving into the cloud. More than likely we may see a slight bullish move before continuing on in the bearish trend it is establishing like it did back in April and June. Since April, we have had a nice general bullish climb that is worth considering staying on for long term.I'll do my best to keep this bullish thread updated while continuing with the short term bearish thread of this trade.
I am hoping for a greater pull back so when i go bullish, a better profit can be locked in.
Note
Well it looks like USD/JPY has decided to turn bullish. It has been moving in a nice bullish direction for the past 36 hours now so lets see what happens.
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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.