USDJPY - Possible to reach JPY150
Comment :
1) Due to USD getting stronger, and Japan still maintaining its ultra-loose monetary policy, caused yen's depreciation to 24-year low.
2) TrendX+ - candlestick moving above green trend line, still mid-term uptrend.
3) DDX+ - fund candlestick is moving above zero-axis and green uptrend cross, indicating mid-term uptrend.
4) MCDX+ - strong, banker bar has increased to above 95% while retailers bar (turquoise) has vanished since the month of Sept 2021.
Support & Resistance :
R : JPY151
DISCLAIMER:
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
1) Due to USD getting stronger, and Japan still maintaining its ultra-loose monetary policy, caused yen's depreciation to 24-year low.
2) TrendX+ - candlestick moving above green trend line, still mid-term uptrend.
3) DDX+ - fund candlestick is moving above zero-axis and green uptrend cross, indicating mid-term uptrend.
4) MCDX+ - strong, banker bar has increased to above 95% while retailers bar (turquoise) has vanished since the month of Sept 2021.
Support & Resistance :
R : JPY151
DISCLAIMER:
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Trade closed: target reached
Target reached!Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.