Tokyo has just opened and we see futures traders shorting the yen with decent volume, which suggests institutions have a bearish bias today on the local currency.
This has pushed USD/JPY up to a 4-day high, and keeps a bull-flag breakout in play on the 1-hour chart. The flag projects a target around 135.50, but we're looking for prices to retrace towards the 113.17 high for a potential long to increase the reward to risk ratio.
Note that the sideways oscillation formed a triple bottom around 134.63, before a higher low formed around 135 / 200-bar EMA to show an increase in bullish activity - which favours an upside break from its sideways range.
This has pushed USD/JPY up to a 4-day high, and keeps a bull-flag breakout in play on the 1-hour chart. The flag projects a target around 135.50, but we're looking for prices to retrace towards the 113.17 high for a potential long to increase the reward to risk ratio.
Note that the sideways oscillation formed a triple bottom around 134.63, before a higher low formed around 135 / 200-bar EMA to show an increase in bullish activity - which favours an upside break from its sideways range.
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。