USDJPY: At Consolidation
The USDJPY pair is currently holding at 150.6, showing signs of consolidation in the 4-hour chart. A tight trading range is evident, with the Bollinger Bands slightly contracting, suggesting a period of low volatility. The pair is trading just above the Simple Moving Average (SMA) at 150.354, which could act as a pivot point for future price movements.
From an oscillators perspective, the RSI is moderately bullish at 62.86, signaling that there could be more room for upside before the pair hits overbought territory. Additionally, the MACD histogram is positive, and the MACD line has crossed above the signal line, indicating increasing bullish momentum.
Volume stands at 6.807K, confirming a decent level of trading activity. However, traders will need to watch for a breakout from the current range for a clearer directional bias. A sustained move above the upper Bollinger Band at 150.631 could open the door for further bullish momentum, potentially targeting higher resistance levels. Conversely, a dip below the SMA and lower Bollinger Band at 149.809 may signal a bearish shift, with traders then looking for support targets below.
From an oscillators perspective, the RSI is moderately bullish at 62.86, signaling that there could be more room for upside before the pair hits overbought territory. Additionally, the MACD histogram is positive, and the MACD line has crossed above the signal line, indicating increasing bullish momentum.
Volume stands at 6.807K, confirming a decent level of trading activity. However, traders will need to watch for a breakout from the current range for a clearer directional bias. A sustained move above the upper Bollinger Band at 150.631 could open the door for further bullish momentum, potentially targeting higher resistance levels. Conversely, a dip below the SMA and lower Bollinger Band at 149.809 may signal a bearish shift, with traders then looking for support targets below.
💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.