SwimTrader

USDJPY - Point of Contention Now...

FX:USDJPY   US-Dollar / Japanischer Yen
OANDA:USDJPY            

USDJPY             is at the bottom of the trendline now, at a contentious point right now. Looking at the chart, one can argue that the trend line has been breached. I would interpret it as otherwise, with the tip of the shadow as the "ultimate" level to interpret the trendline as effective. Trend strength wise, there is still no evidence of rejection to suggest a bounce any time soon. In addition, the dollar index             DX             , is also approaching a historical critical support (indicated by the chart above). And there are no price action to suggest that the dollar is going to bounce any time soon.

My view is that this trade will go either way, and the movement should bag some nice pips. For me to consider the bullish bounce for UJ, I would want to see signs of price action rejection on the DX             , and also on the UJ daily. Conversely, if the current price action holds, the trend is definitely towards the bearish side (i.e. a break down of UJ along side the break of of support in DX             ).

I am keeping this pair in tight view, and is waiting for confirmation signs to suggest the tipping over to either side. Watch for this...
Join me in my FB group for more trade discussion:
https://www.facebook.com/groups/swimtrading/
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden