[USD/JPY] EMA 220 as resistance

10월 10일

DXY is the basket, while this USDJPY pair is the determining variables, which seems currently right at its EMA 220. Last time the price getting hammered was 11 July 2024, 3 months ago. So, quite understandable if some pressure needs to be released.

With the price now at resistance, let see if the hammer would go to work again. The macro theme is still lean on bear.