FUND Buy 03.08.2020 08:26
USD/JPY: dollar shows corrective growth
USD is showing ambiguous trading dynamics against JPY during today's Asian session, trying to develop corrective growth, the momentum for which was formed at the end of last week.
FUND Sell 31.07.2020 09:15
USD/JPY: the pair is declining
The USD/JPY pair significantly decreases following the actively falling USD and trades at 104.35.
TECH Buy 30.07.2020 07:39
USD/JPY: wave analysis
The pair may grow.
On the 4-hour chart, a downward correction of the higher level developed as the wave 2 as a double zigzag wxy, within which the wave y of 2 formed. Now, the wave (c) of y of 2 has developed, within which the fifth wave of the lower level v of (c) has formed. If the assumption is correct, the pair will grow to the levels of 106.10–106.41. In this scenario, critical stop loss level is 104.75.
TECH Sell 24.07.2020 11:00
USD/JPY: technical analysis
On the H4 chart, a downtrend is forming. The instrument has broken the lower border of Bollinger Bands and continued declining; the indicator cloud is expanding. MACD histogram is in the negative zone while gradually building up volumes. The signal line is crossing the body of the histogram from above forming a signal to open sells. Stochastic is crossing the oversold zone from above, keeping a signal to open short positions.