USDJPY has reached our first target, potential for further rise!
]USDJPY has shot up to our first forecasted resistance target. We’re now seeing that it has made another bullish exit of our long term descending resistance line and has formed a potential double bottom reversal. A strong bounce could occur above 106.41 support ( Fibonacci retracement, horizontal overlap support, bullish exit level) for a push up to 107.85 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (89) has made a similar bullish exit signaling a change in momentum is occurring.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) has made a similar bullish exit signaling a change in momentum is occurring.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.