USD/JPY long
sentiment analysis-The market is not in out favor but i believe it is oversold.
23% short
77% long
Technical analysis
drew a support but waiting for that third touch to validate it. Once i see a bounce off this level i will go long. RSI is also oversold and the higher timeframes are going in that direction as well.
Also the market clears 157 level so good for bulls.
Fundemental analysis
No news today will effect it at all but tomorrow we will have the FOMC speak witch will effect the usd heavily so trade with caution with this.
Conclusion
I'm looking for that to bounce off and validate that support and i will go long at that entry if keeps playing this way.
23% short
77% long
Technical analysis
drew a support but waiting for that third touch to validate it. Once i see a bounce off this level i will go long. RSI is also oversold and the higher timeframes are going in that direction as well.
Also the market clears 157 level so good for bulls.
Fundemental analysis
No news today will effect it at all but tomorrow we will have the FOMC speak witch will effect the usd heavily so trade with caution with this.
Conclusion
I'm looking for that to bounce off and validate that support and i will go long at that entry if keeps playing this way.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.