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U.S. Dollar / Japanese Yen
Updated

$USDJPY breaks below Current year Mid Support.

112
USDJPY is bearish Reason: death cross on the moving averages and prices breaking below the current year's mid, which is now acting as resistance.

Yes Moving averages are simple yet great tool to identify the trend.

The invalidation level is if price holds the current year's mid as support and moves back above the moving averages.
Trade active
Trade running, as long as it is under current year mid, I'll expect price to reach 146
Agnes_Trader
Moving AveragesSupport and Resistance

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.
Moving AveragesSupport and Resistance
Agnes_Trader

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.