Sphyn-Trader

USDJPY: The correction and the opportunity of the sellers!

Long
Sphyn-Trader Mis à jour   
OANDA:USDJPY   Dollar Américain / Yen japonais
technical analysis:

The price line for USDJPY experienced a slight correction, leading to a decrease and breaking of the uptrend line. The Relative Strength Index (RSI) is currently below the average of 43.59 and maintaining its position at the support level. The Exponential Moving Average (EMA) with values of 34 and 89 is still above the price line, forming a dynamic resistance area. With these indicators, there is a high likelihood of a decrease in USDJPY.

Market analysis:

In the Tokyo session, the USD/JPY pair is trading back and forth below 140.00. However, it is anticipated that the asset will continue its downward trend since the USD Index's upward movement is expected to remain limited until the United States Employment data is released.

Following a lackluster Tuesday, the S&P500 futures have made marginal gains during the Asian session. The market sentiment appears to be subdued as investors anticipate the release of complete US labor market data.


Plan trade in the intro
Transaction en cours:
REP MASSEY: I expect the debt ceiling suspension bill to be voted on in the House Rules Committee.
Transaction en cours:
Top Republican lawmakers escalated threats to hold FBI Director Christopher Wray in contempt over what they view as his stonewalling of a congressional investigation into the business dealings of President Biden and his family.
Transaction en cours
Trade fermée: ordre d’arrêt atteint

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.