Exactly what I predicted You can check my page and see what I posted yesterday about this chart exactly
It's still MOVING around my yellow line
😁😁
USDJPY-TIPS
USDJPY bearish After a breakout of strong bearish movement with confirmation of bearish US fundimental , there's a continuation pattern with retracement candle stick showing we going down to complete the 90% rule of the ascending channel.
USDJPY Break Below 21-EMAUSDJPY slumps to hit 3-week low,
Fed's consecutive 75 bps rate hike fails to impress USD bulls,
Technical Analysis:
USD/JPY slumps below 21-EMA, eyes 55-EMA support at 133.84
Stochs and RSI is strongly bearish, RSI is well below 50
USDJPY slips below 21-EMA Price action has slipped below 21-EMA, 5-DMA is biased lower
Bearish RSI divergence adds to the downside bias, RSI has slipped below the 50 mark
Next major bear target lies at 55-EMA
USDJPY Price Analysis For short SellUSDJPY Breaks Daily Trend Line already now 😎😎
there habe Possiblity to goes down for next target zone 🥳🥳
Like and Comments below your Opinions and Share your Ideas with us. 🥳
USDJPY Broad falling wedge leads to the bullish runUSDJPY
Because of the broad weakness in USD this pair has visit some south extreme and due to the final quarter and year end fixing and selling of USD is also acted as good fundamental factor to short this pair. USDJPY has reached around 102.00 and got some rejection at this level and this level was currently acting as year(2021) low. We can see a series of broad falling wedge pattern in this chart which is a clear sign of bullish trend and we have identified some triangle breakouts too. Interms of
average daily moving of major pairs USDJPY is lagging behind the counterparts Positive risk sentiment will not favor the JPY. Recent vaccine developments and smooth political transition in USA will give a positive hope for the whole economy and the economic figures are much improving in recent months and the number of peoples who are claiming the unemployment benefits has in declining trend. The FED has reiterate the they will not hike the interest rates until the inflation is well
above the 2%. This is average inflation targeting. DXY is also turned positive. More bullish run was expected in USDPY.
USDJPY. ....sell off activated, why sell? Chart belowAfter spending its about 6 days or more in consolidation, it finally broke and made a sweet pull back upward into the support of the consolidation. Sellers are dumping this pair like crazy USD is having a bad day and to cap it all total confirmed cases in U.S. is a million plus.
What is the intention of "Money-Makers"...? USDJPYThis is the only a closer look for range trading.
Alarm Trading Tactis:-
