discussion about the trend of the #USDJPY in the new week.
Friends who are interested, let's start a discussion about the trend of the #dollar in the new week.
As you know, for example: the dollar-yen exchange rate has reached 149.53 from 156.76 units and has decreased by more than 72 pips or 4.61%.
- On the valid 4-hour time frame, the RSI indicator is in the oversold zone
- The chart is in its own good support zone
Regarding the election of Mr. Trump, the stability in the global economy and the expansionary policy, etc., the above exchange rate will not remain at the current number.
For example, we can look for a suitable bottom for a #long position by examining the relevant currency pair (of course, with technical confirmation and appropriate candlesticks.)
As you know, for example: the dollar-yen exchange rate has reached 149.53 from 156.76 units and has decreased by more than 72 pips or 4.61%.
- On the valid 4-hour time frame, the RSI indicator is in the oversold zone
- The chart is in its own good support zone
Regarding the election of Mr. Trump, the stability in the global economy and the expansionary policy, etc., the above exchange rate will not remain at the current number.
For example, we can look for a suitable bottom for a #long position by examining the relevant currency pair (of course, with technical confirmation and appropriate candlesticks.)
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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.