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USD/JPY heading lower again

AdamFx42 Przesłąno 13 Kwi w #Trader's blog #Daily Trend #Fundaments #USD/JPY Retracement #Technical Picture

Usd/Jpy is currently retracing back towards the daily trendline
After a soft day for the dollar we find Usd/Jpy slightly lower than market open levels
A break below 120 again, should lead us back towards 119
which is the border level of the daily trendline
I expect buyers around 119, and will be joining in

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USD weakening against JPY (again)

AdamFx42 Przesłano 3 Sie jako Analiza USD/JPY, Cel: 95.7000, Data: 1 z Październik, 12:00 GMT w #Technical analysis #USD/JPY #Fibonacci Expansion #Retracement #Relative Strength Index #Fundaments

Based on the latest action on USD/JPY it looks like the pair is ready for a deep retracement - technically as well as fundamentally supports this thoughtFigures coming out are not strong for US anymore, and we see constant failed attempts of staying above the 100 markOn the first daily chart we can see that the RSI holds slightly bearish,and a Fibonacci expansion level of latest moves projects a first 61,8% target of around 95.6On the second daily chart we see a downward channel that will lead u…

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USD/JPY heading lower again

USD weakening against JPY (again)