USD/JPY - buy on 1H after strong breakdown
-market price broke down after testing the up trend resistance line and confirming down trend.
-RSI is already in heavy over selled area which should bring buyers into the market
-MACD baselines are near bullish crossing which should bring buyers into the market
-next stop is support area 2 if market price doesn't build temporarily bottom in area 1
-RSI is already in heavy over selled area which should bring buyers into the market
-MACD baselines are near bullish crossing which should bring buyers into the market
-next stop is support area 2 if market price doesn't build temporarily bottom in area 1
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
