Divergence on USD/JPY

Divergence on USD/JPY

The current technical pattern signals a possible correction of the USD/JPY currency pair after a continuous rally over the past two weeks. The "greenback" is under pressure due to the negative dynamics of the US government bonds yield. In a trading instrument, a classic reversal formation has been formed – the price and MACD histogram divergence (H1 timeframe). At the moment, the USD/JPY currency pair is consolidating. The safe haven currency is testing local support of 111.350. We recommend paying attention to this situation.

If the price fixes below 111.350, you need to look for entry points to the market to open short positions. The immediate goal for profit taking is 111.000-110.900. The movement is tending to 110.650-110.400. When tracking a position, we recommend using a trailing stop.

by JustForex 2019.04.08

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