empty
 
 
09.08.2022 06:10 PM
Trading Signal for USD/JPY for August 9 - 10, 2022: sell below 135.00 (symmetrical triangle pattern - 200 EMA)

This image is no longer relevant

USD/JPY is trading at around 135.00, forming a symmetrical triangle pattern. The consolidation could extend until tomorrow when the market gets to know the inflation data from the United States.

The Japanese Yen is consolidating above the 200 EMA and above 6/8 Murray. The uptrend still prevails and the currency pair is likely to resume the bullish cycle if there is a sharp break above this pattern.

The latest candlesticks on the 4-hour chart show that USD/JPY has encountered a strong resistance zone around 135.50 - 135.00 and is also showing signs of exhausting bullish strength.

A break below 6/8 Murray at 134.37 could mean a continuation of the downtrend and the price could hit 5/8 Murray at 132.86.

Our trading plan for the next few hours is to sell below the 200 EMA located at 134.89. Or we could wait for a sharp break of the uptrend channel at around 134.40 to sell with targets at 133.00 and 132.81.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback