USDJPY - Reversal to short

2 авг. 2022 г.

Technical Analysis
Weekly chart is overbought with RSI above the 75 zone and finally breaking below.
Daily DMI and MA crossover signaling a reversal play from 132 to 122 if it breaks the 130 area within the next week or two.

2 авг. 2022 г.

Сделка активна

2 авг. 2022 г.

Заметка

I expect some support at the fib 0.23 level before a further push downward as EMA's follow and create lower resistance levels.

2 авг. 2022 г.

Заметка

Technical Analysis
Price has found some support on the 1D 100EMA/ Weekly 20EMA and bounced off for a push upwards. We might expect a move up as high as 134 before it find resistance and we see a continuations.

The EMA support also coincides with Fib level 0.23.

The push upwards is due to RSI and William %R on the 1D being at low levels. However, we still see a downward potential on the Weekly William %R and RSI and the ADX needs to reset to the median

3 авг. 2022 г.

Заметка

We need resistance at 134.50-135.2 for the Short reversal to be confirmed. If it breaks the 135.20 level we are back on a Long continuation.