USDJPY is still in a daily bearish trend. It's below 20 DMA and resistance of 113.72 lies ahead.
You can see a H&S pattern forming, and given the trend lines (major and minor) you can see that it should drop, before making higher highs. Fundamentals are backing the USDJPY bearish trend as far as US yields remains surpressed.
TP 112.34
SL: 113:72
You can see a H&S pattern forming, and given the trend lines (major and minor) you can see that it should drop, before making higher highs. Fundamentals are backing the USDJPY bearish trend as far as US yields remains surpressed.
TP 112.34
SL: 113:72
Note
TP reachedNote
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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.