Divergence on USD/JPY

Divergence on USD/JPY

During the last two weeks, the bullish sentiment prevailed on USD/JPY. Nevertheless, a technical correction is not ruled out in the near future. A sufficiently strong reversal formation was formed on the trading instrument – the price and MACD histogram divergence (H4 timeframe). The local support is the level of 113.500. We recommend paying attention to this situation.

If the price fixes below the 113.500 mark, you need to look for entry points in the market to open short positions. The immediate goal for fixing profits is a round-level of 113.000. In the medium term, USD/JPY may reach 112.250-111.750. When following a position, one should use a trailing stop.

by JustForex, 2017.10.30

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

Abrir cuenta

Consigue análisis gratis

* campos obligatorios
Últimos artículos
Todos los artículos