USD/JPY Technical analysis
The daily chart of USD/JPY is currently in a downtrend.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the trendline.
On the contrary there might be a correction for now and the bull rally can start after a small correction.
Also the ADX indicator is currently making a bullish crossover.
Taking all these into considerations, we expect the counter to be bullish.
Long once it crosses the trendline.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the trendline.
On the contrary there might be a correction for now and the bull rally can start after a small correction.
Also the ADX indicator is currently making a bullish crossover.
Taking all these into considerations, we expect the counter to be bullish.
Long once it crosses the trendline.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.