💱 USD/JPY Chance For Slow Increases 💱

19 sty 2023

💱 USD/JPY Chance For Slow Increases

💱 Nearest strong support zone: around the 0.236 fibo level of the upward wave.

💱 Nearest strong resistance zone: around recent local lows.

💱 Technical environment:

- Moving averages: Downtrend

- MACD: 50/50

- RSI: Downtrend

💱 Price Action: USD/JPY after Wednesday's upward attack following the BOJ's monetary policy statement, the price very quickly returned to the vicinity of 128 where it stopped in recent days. The stopping of the price at this point is no coincidence and may indicate the possibility of executing an upward correction from current levels. The nearest strong support zone is around 133 where we may find ourselves after a longer accumulation.

💱 The scenario I play is to wait for a formation that confirms the execution of an upward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💱 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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4 lut 2023

Uwaga