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Updates for USD/JPYWell, as mentioned, USD/JPY in Daily timeframe,there are a huge opportunity to sell it in the zone of 106 and take as target profit to pick up our earns. MACD and RSI are very significant to continue short
So, in H4 timeframe, we see an another green support at $106.80. But, it's more important that USD/JPY broke down and continue her bearish trading in Daily timeframe. and there, we hope to find down the objective of $106, rememebr following the fundamentals and news for USD, it's more important fo follow and watch up and stay alert in this par.
USD it's appears a good new for parsWell, in this technical analysis, USD/JPY is come from a strong sell in the past days, so, waoh bearish scenario. So, USD/JPY has continue in the bullish channel. but there are a high possibility to go back to up the price. So, the are many scenario to watch in the next hours to tomorrow in the Asia session. Also, as fundamentas the FED is going to make a meeting. So we can see a possible manipulations of this par to shark the longers, so, firslty, we need to use the price action.. But, this is my proyection of H1 timeframe.
Let's me see to recall that in the RSI there can be a possibility to see a bullish divergence in this indicator.
Now, in the next days, I will going back to make a following in this par, in the D1 I see a possible bullish for the future in this par and I will going back later to make a technical analysis.
If you want to consider this fundamentals, I wil be here:
1. Forex-Dollar stabilizes ahead of FED Meeting
2. The dollar was a surpising recovery in U.S employment rate in May after the economy suffered record job losses in April, this data is showed on Friday. Now, the jobless rate also fell to 13.3% last month from a psot-world war turn high of 14.7% in April, offering hope htat the world's largets economy in starting to stabilize after the pandemic triggered a wave of jobs cuts and all situation that past in the past week in United States.