USDJPY Weekly (22/2014) Chart Technical Analysis
The USDJPY weekly chart shows the following signs:
The pair is under the Tenkan Sen and the Tenkan Sen has cross down the Kijun Sen but all of them are over the KUMO. So we have a weak short sign here and we will wait to see strategic is the most appropriate. At 10/2013 we had the same situation as you can see in the diagram.
If next week the pair crosses over the Tenkan & Kijun Sen this will be bullish sign otherwise we will observe the behavior in accordance with the KUMO.
RSI is neutral but MACD is bearish.
So wait and see.
The pair is under the Tenkan Sen and the Tenkan Sen has cross down the Kijun Sen but all of them are over the KUMO. So we have a weak short sign here and we will wait to see strategic is the most appropriate. At 10/2013 we had the same situation as you can see in the diagram.
If next week the pair crosses over the Tenkan & Kijun Sen this will be bullish sign otherwise we will observe the behavior in accordance with the KUMO.
RSI is neutral but MACD is bearish.
So wait and see.
