UPDATE: USDJPY Long Position
Fundamentals:
See previous updates....
Technicals:
The price moved from bottom to top of the band in what appears to also be a break out and a retracement to support. On top of this, we can see that a chart of US bond yields, which predict the direction of the USD, remain supportive of the USD going forward. Therefore, buying dips on USDJPY. For several other reasons, I prefer UJ first to tackle the benefits of a strong USD in the coming weeks until March 2022. My stop on USDJPY us 113. Targets@ 116.33 and 117.85 or 121.
Positive MACD
Stronger RSI
Pullback to support after a double bottom
Fibs
Horizontal support
Pitchfork support
Daily View:
8 hour view:
8 Hour view scrunched out:
1 Hour Chart view:
See previous updates....
Technicals:
The price moved from bottom to top of the band in what appears to also be a break out and a retracement to support. On top of this, we can see that a chart of US bond yields, which predict the direction of the USD, remain supportive of the USD going forward. Therefore, buying dips on USDJPY. For several other reasons, I prefer UJ first to tackle the benefits of a strong USD in the coming weeks until March 2022. My stop on USDJPY us 113. Targets@ 116.33 and 117.85 or 121.
Positive MACD
Stronger RSI
Pullback to support after a double bottom
Fibs
Horizontal support
Pitchfork support
Daily View:
8 hour view:
1 Hour Chart view:
Operación activa:
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
