Trinnisia_Trades

USDJPN correction expected?

Short
OANDA:USDJPY   Dollar Américain / Yen japonais
I don’t really trade Forex, unless something catches my attention.
USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while,
Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2.
It doesn’t mean it will but according to my analisys, most of the indices look like they they’re going for an upside move. With VIX being overbought as well.
The markets might get a bit more positive until November US rates decision.
Personally I think we might not get lower than 140.


Im not a professional trader and this is not a trading advice. Trading is risky. Always do your own analisys.
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.