Analysis of #USDJPY
The USDJPY did rally 2% today almost 250 pips after BOJ chief Kuroda's commentary
taking a look at the chart we have the trend line resistance where the market fell before, we also have RSI divergence in an overbought territory which previously indicated the market is running out of steam, many expect the market will hit 140.00 but I think the BOJ will have to intervene, however, we care about the chart.
be careful in choosing your entries, for me, I am sticking with short term entries for the time being
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
The USDJPY did rally 2% today almost 250 pips after BOJ chief Kuroda's commentary
taking a look at the chart we have the trend line resistance where the market fell before, we also have RSI divergence in an overbought territory which previously indicated the market is running out of steam, many expect the market will hit 140.00 but I think the BOJ will have to intervene, however, we care about the chart.
be careful in choosing your entries, for me, I am sticking with short term entries for the time being
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
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