The USD/JPY pair has retreated from its almost five-week high, which was around the 134.60 region earlier on Tuesday. During the mid-European session, the pair continued its steady intraday descent. Spot prices have now fallen below the 134.15 mark in the last hour, which has caused a significant decline in the previous day's gains and put an end to a two-day winning streak.
Our analysis suggests that the USD/JPY pair is still within a Bearish Channel, with the price rebounding from both the upper and lower sides of the dynamic trendline. Furthermore, the trend in the Daily Timeframe remains bearish. Consequently, we anticipate a short impulse towards the lower side of the channel.
Our analysis suggests that the USD/JPY pair is still within a Bearish Channel, with the price rebounding from both the upper and lower sides of the dynamic trendline. Furthermore, the trend in the Daily Timeframe remains bearish. Consequently, we anticipate a short impulse towards the lower side of the channel.
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🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.