My Analysis for USDJPY

2020-03-01 02:12:58

My analysis.. So we can see in the past few weeks this pair has been volatile, bouncing in and out daily trend support/resistance. This makes me a little nervous trading this pair so I am going to be even more cautious. This pair has been in a uptrend since September 2019.
Currently, this pair is low on rsi indicator, but not oversold per say even though there has been a break in support. This indicates to me more of a fall. We can expect some sort of correction of some sort, and if its strong enough to bounce off support & retest trend support, then we can look for a long entry. If support does not hold then we are looking for short entry. SIMPLE but next week is moment of truth..