Probable growth will come
After a substantial drop in the usd / jpy, the market is most likely preparing for a nice price increase. In the current situation we see little pronounced candles and a directional movement. The stochastic oscillator then saw a cross in the lower boundary area and, if we look at the 14-period momentum, we see a divergence between the prices and the trend of the oscillator.
We can therefore delimit the area that goes between 104.015 and 103.707, waiting for the moment of breaking this rectangle. It will most likely be broken to the top, but we'll see.
We can therefore delimit the area that goes between 104.015 and 103.707, waiting for the moment of breaking this rectangle. It will most likely be broken to the top, but we'll see.
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.