After a big fall down price made a correction of 100pips from 115.20 to 116.20. It is very close to Moving Avarage 32. I wait till 12:00, observing the movement and if it stays at this level I will put sell stop order 30pips beneath current price.
That should interest you
The USDJPY is testing a confluence of support at 108.00 today.
I mentioned this area in the last weekly forecast video.
It’s the intersection of a trend line support from the 2021 low and the 2015 weekly trend line.
USDJPY weekly time frame
The USDJPY has…
The 12-day baseline remained bullish during the recent three-week descent, and last week, the 24-hour baseline turned bullish as well. Given that I am looking at a green hourly candlestick after having observed price testing the 16-hour temporal support level…