USD/JPY Plausible price action
The pair is not yet ready to spike or at least there are not sufficient signals for such behavior. The RSI and price are in a divergence and the previous trend was outperformed by the current channel. I could not find proper legit waves to apply to the chart. It would be great if someone shows me a plausible wave pattern. Even so, the price is slowly but steadily turning into bullish.
*Disclaimer: this is for educational purposes only*
*Disclaimer: this is for educational purposes only*
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.