$USDJPY breaks below Current year Mid Support.

1 בדצמ׳ 2024

USDJPY is bearish Reason: death cross on the moving averages and prices breaking below the current year's mid, which is now acting as resistance.

Yes Moving averages are simple yet great tool to identify the trend.

The invalidation level is if price holds the current year's mid as support and moves back above the moving averages.

5 בדצמ׳ 2024

עסקה פעילה

Trade running, as long as it is under current year mid, I'll expect price to reach 146