Here's a brief analysis for a short idea on USDJPY:
*Technical Analysis:*
- USDJPY has been in an uptrend since January 2023, but has recently shown signs of exhaustion and correction is now likely.
- The Relative Strength Index (RSI) has entered overbought territory, indicating a potential pullback.
*Fundamental Analysis:*
- The Bank of Japan (BOJ) has maintained its dovish stance, however intervention is now more then likely
*Technical Analysis:*
- USDJPY has been in an uptrend since January 2023, but has recently shown signs of exhaustion and correction is now likely.
- The Relative Strength Index (RSI) has entered overbought territory, indicating a potential pullback.
*Fundamental Analysis:*
- The Bank of Japan (BOJ) has maintained its dovish stance, however intervention is now more then likely
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The Ultimate Master of Trading, fulltime trader, sharing my own trades with documented 90% win rates
The Ultimate Master of Trading, fulltime trader, sharing my own trades with documented 90% win rates
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join our discord, discord.gg/trademaster
The Ultimate Master of Trading, fulltime trader, sharing my own trades with documented 90% win rates
The Ultimate Master of Trading, fulltime trader, sharing my own trades with documented 90% win rates
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.