USDJPY Long
USDJPYLooking oversold and taking a long trade... make quick 20-25 pips profit.
- Technically although the risk is towards the downside, as the
USDJPY settled well below the 114.50 level, the 23.6% retracement of its latest weekly advance. - The price is also well below its 100 and 200 SMAs in the 4 hr chart, with the shortest accelerating its decline above the largest
- The RSI indicator consolidates near oversold territory, and the Momentum indicator advances within positive territory.
- If risk aversion persist, the
USDJPY will likely end up breaking below the support level and extend down to the 112.00/20 region, the next strong static support area. - However oversold indication suggest there is a room for quick pips on long side
As usual I'm in for 20-25 pip profit. Ride with me!
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.