USDJPY - sell on 4H - market reached strong resistance
market price reached again strong resistance trend line after economic data was released from japan and the industry shrank more than expected, the usd gained strength against jpy again, but I expect that this rise was not sustainable and today the market price will falling again because of the great uncertainty in the market.
-regular RSI is near heavy over bought area which is good entry for sellers
-stochastic RSI baselines are already in heavy over bought area which brings already sellers into the market
-MACD baselines are near resistance and near bearish crossing which brings sellers into the market
-regular RSI is near heavy over bought area which is good entry for sellers
-stochastic RSI baselines are already in heavy over bought area which brings already sellers into the market
-MACD baselines are near resistance and near bearish crossing which brings sellers into the market
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
