USDJPY, Bottom out or not?

USDJPY, Bottom our or not?

 

 

I have no position right now in USDJPY. As I pointed out the possibility in the previous day's article, it has broken down further. However, after falling to 105.30, it has come back to the middle of 105.60. I can say that it is on the rebound from the triple bottom.

 

As an early entry, I could have made long around 105.50 where heikinashi turned positive in 60 minute chart but I didn't do it because I was sleeping at that time.

On Monday, if you want to be more careful, you may wait until the golden cross between MA5 (yellow) andMA26 (ultraviolet) or BB centerline (black).

If it's a persistent bearish market, it's possible that price will be bounced back and go down to the second bottom in the 105.30 area.

 

 

 

(IB用広告）