Hello dear friends, Karina Bella here!
Today, USDJPY continues its downward trend for several weeks. Although the pair hasn’t made any significant breakthroughs, the decline remains steady and consistent.
Risk-off sentiment continues to support the safe-haven Japanese Yen, maintaining selling pressure on the pair amid a weaker US Dollar. From a technical perspective, USDJPY is capped below the 34 and 89 EMA, showing no signs of a potential rebound at the moment.
The preferred strategy for this pair is to continue focusing on selling opportunities. Don't forget to set Take Profit (TP) and Stop Loss (SL) properly when trading!
Today, USDJPY continues its downward trend for several weeks. Although the pair hasn’t made any significant breakthroughs, the decline remains steady and consistent.
Risk-off sentiment continues to support the safe-haven Japanese Yen, maintaining selling pressure on the pair amid a weaker US Dollar. From a technical perspective, USDJPY is capped below the 34 and 89 EMA, showing no signs of a potential rebound at the moment.
The preferred strategy for this pair is to continue focusing on selling opportunities. Don't forget to set Take Profit (TP) and Stop Loss (SL) properly when trading!
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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.