Sirwin
Sirwin

The Japanese keeps the trend


USDJPY

Another currency pair that is being discussed with the US dollar. We can see that the channel we selected last month is still respected. Corrections are smaller than in other currency pairs, which indicates a weaker currency in Japan. The current correction is also dictated by the data that were released at 1.30 am European time, but the market has already started to set the direction.

The image shows where I expect a reaction to occur. Unfortunately, I am aware that this may be the last move in this trend, so I marked with a cross where the support breaks through and the channel exits. Breaking the support level will give us a signal to look for short positions.

USDJPY

How do you rate this article?

1


Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.