After a breakout of strong bearish movement with confirmation of bearish US fundimental , there's a continuation pattern with retracement candle stick showing we going down to complete the 90% rule of the ascending channel.
USDJPY slumps to hit 3-week low,
Fed's consecutive 75 bps rate hike fails to impress USD bulls,
Technical Analysis:
USD/JPY slumps below 21-EMA, eyes 55-EMA support at 133.84
Stochs and RSI is strongly bearish, RSI is well below 50
Price action has slipped below 21-EMA, 5-DMA is biased lower
Bearish RSI divergence adds to the downside bias, RSI has slipped below the 50 mark
Next major bear target lies at 55-EMA
USDJPY Breaks Daily Trend Line already now 😎😎
there habe Possiblity to goes down for next target zone 🥳🥳
Like and Comments below your Opinions and Share your Ideas with us. 🥳
USDJPY
Because of the broad weakness in USD this pair has visit some south extreme and due to the final quarter and year end fixing and selling of USD is also acted as good fundamental factor to short this pair. USDJPY has reached around 102.00 and got some rejection at this level and this level was currently acting as year(2021) low. We can see a series of broad...
After spending its about 6 days or more in consolidation, it finally broke and made a sweet pull back upward into the support of the consolidation. Sellers are dumping this pair like crazy USD is having a bad day and to cap it all total confirmed cases in U.S. is a million plus.
