USD/JPY - good risk/reward ratio for short entry
within the next week there will be a good short entry opportunity for USD / JYP. Due to the recent FED meeting and possible further rate increases in the near future, the dollar has regained strength. I expect further growth to 114,500 here is the first major resistance which could form a double top. Should the double top fail I expect further growth to 117,850 .I recommend a tight stop loss.
RSI and MACD are still bullish but they don't have much space to grow.
Please follow me for further analysis in the commodity, forex and crypto area.
RSI and MACD are still bullish but they don't have much space to grow.
Please follow me for further analysis in the commodity, forex and crypto area.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
