The last few trading days show that USDJPY tested higher rates but bears won (bearish candles).
MACD and Stochastic show that things are reversing and bears are gaining momentum.
It looks like in the short-term it will be going down in the short-run.
MACD and Stochastic show that things are reversing and bears are gaining momentum.
It looks like in the short-term it will be going down in the short-run.
Trade active
Yesterday was a weird day. Bulls and bears failed to take control. If USDJPY ticks downwards today and stays down the trade will remain active. If bears aren't able to close it out it might be time to close the trade.Trade closed manually
The trade was a short-term short. Target was reached and the market is turning again so the trade was closed at 112.258
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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.