简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:USD/JPY bears waiting to pounce, but bulls not throwing in the towel yet. The daily chart's W-formation is compelling for a downside playbook.
Further to the prior analysis, USD/JPY Price Analysis: Daily 38.2% correction before test of monthly resistance, and more recently, USD/JPY Price Analysis: Pre-Fed bullish prospects through daily trendline resistance, bulls are still in control with little let -up.
This is not ideal for the impatient trader seeking an opportunity all the way to the downside target in the 103.80s, nor for those looking to buy the correction from there either.
However, bullish commitments from the 104 figure, or thereabout, have paid off.
Meanwhile, the W-formation on the daily chart remains an opportunity to play for.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.