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.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.