USD/JPY Strong Support
1) USD/JPY broke the weekly downtrend and then retested it as you can see on the chart.
2) Hit a very strong support level on the daily timeframe.
3) Look at 50 EMA
4) Banks are bullish on USD/JPY ( Google the COT DATA)
Your thoughts?
2) Hit a very strong support level on the daily timeframe.
3) Look at 50 EMA
4) Banks are bullish on USD/JPY ( Google the COT DATA)
Your thoughts?
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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.
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.