SELL USDJPY for a break of trend line SHORT at 106.28 för FX:USDJPY av theforexportal

trendanalysis supportandresistance pivotpoints usdjpy usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpysignal

The significant WS1 support pivot is under pressure on USDJPY and if this fails then the BEARS could push through and break the supporting trend line shown on the chart. This opens the way for a significant move south as there is little support under here. I've entered this market already at 106.28 with a 25 pip risk. 13:15 GMT sees ADP NOn-Farm Employment Change out of the U.S. which could give impetus to either BULLS or BEARS depending on the print but with Covid-19 restrictions its hard to see this coming out in green numbers, having said that NZD last night did exactly that with their jobs data managing a remarkable 0.7% Employment Change against -0.2% prediction - so who knows?

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.