USDJPY : Bullish Pin Bar Could Push Price Higher Temporarily
USDJPY – Dollar/yen bullish pin bar could push price higher temporarily
For the USDJPY it’s been a quick sell-off in recent weeks but price seems to have found some solid long-term support down near 105.50 (zoom out your charts to see it better) and usdjpy has formed a bullish pin bar reversal there as of last Friday. Given that this pin bar formed at a long-term support level we could easily see usdjpy price push higher from here so it is a potential long signal whilst keeping in mind price is in a downtrend on the daily chart so any up-moves may terminate at nearby resistance levels. As a result, we can look usdjpy to potentially buy this pin bar, exiting longs near 108.00 and looking to rejoin the downtrend on bearish sell signal up near 108.27 resistance or the 21-day ema on a sell signal.
For the USDJPY it’s been a quick sell-off in recent weeks but price seems to have found some solid long-term support down near 105.50 (zoom out your charts to see it better) and usdjpy has formed a bullish pin bar reversal there as of last Friday. Given that this pin bar formed at a long-term support level we could easily see usdjpy price push higher from here so it is a potential long signal whilst keeping in mind price is in a downtrend on the daily chart so any up-moves may terminate at nearby resistance levels. As a result, we can look usdjpy to potentially buy this pin bar, exiting longs near 108.00 and looking to rejoin the downtrend on bearish sell signal up near 108.27 resistance or the 21-day ema on a sell signal.
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.