USD/JPY: bulls-bears 5:0

USD/JPY: bulls-bears 5:0

Recommendation: BUY 111,7 SL 111,15 TP 112,85.

On the USD/JPY daily chart, the "Shark" pattern transformed into 5-0. The rebound from 61.8% and 50% levels of the last corrective wave can be used for opening long positions. There will be a restoration of the uptrend if the bulls manage to push the quotes above the upper border of the downward trading channel.

On the USD/JPY hourly chart, there is a consolidation. It might have been brought about by the accumulation of long positions by market majors. A breakout of the resistance at 111.68 will activate the inverted "Shark" pattern. Its target 113% is located in the convergence zone of 112.8-112.95 levels.

Similar

USD/JPY: dollar will continue downtrend

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend.

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later