USDJPY
Overall bias is bullish, looks like a rate hike is happening in Sept
Short term short bias because:
Weekly bearish engulfing
Daily inside bar, pin-bar showing bears in control of price
4hr MA/EA about to cross
Downtrend since piercing high of 125 not seen since 2007
Below Kumo on 4 hr, hence this very short term trade.
Inside bar on 4hr, looks like a continuation after rejection on close above .618 fib
Conservative target of 122
121.555 is an ideal target
We could see a significant reversal at 122, but we need a lot of momentum from Fundamentals.
Short term short bias because:
Weekly bearish engulfing
Daily inside bar, pin-bar showing bears in control of price
4hr MA/EA about to cross
Downtrend since piercing high of 125 not seen since 2007
Below Kumo on 4 hr, hence this very short term trade.
Inside bar on 4hr, looks like a continuation after rejection on close above .618 fib
Conservative target of 122
121.555 is an ideal target
We could see a significant reversal at 122, but we need a lot of momentum from Fundamentals.
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.