Analysis of USDJPY pair
We see the USDJPY pair in a sideways trend, with lower highs. It is trading below all averages, which remain slightly diverging, aiming for further declines.
It remains above a support, which if broken could lead the pair to the area between 104 - 105.
EP Change Index remains in the red zone and with its main line and all its averages below 0, with no recovery trend yet, as does EP Zenith, whose averages remain flat below zero without a defined order, so it doesn't seem to announce any clear move.
Finally, the EP MA Diff indicator points to a weak rebound in its averages, so there is no significant movement in sight.
Reserve purchases for lighter climb zones (Change Index in green or blue), correction zones (yellow) or trend reversal (purple zones), and always with MA Diff drawing yellow zones ("underwater" pattern) or ascending blue cones after the intersection of her longest stockings. (these areas have been marked on the indicator for clarity)
It remains above a support, which if broken could lead the pair to the area between 104 - 105.
EP Change Index remains in the red zone and with its main line and all its averages below 0, with no recovery trend yet, as does EP Zenith, whose averages remain flat below zero without a defined order, so it doesn't seem to announce any clear move.
Finally, the EP MA Diff indicator points to a weak rebound in its averages, so there is no significant movement in sight.
Reserve purchases for lighter climb zones (Change Index in green or blue), correction zones (yellow) or trend reversal (purple zones), and always with MA Diff drawing yellow zones ("underwater" pattern) or ascending blue cones after the intersection of her longest stockings. (these areas have been marked on the indicator for clarity)
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