#USDJPY (1H):
The USD rally cause by the vaccine news looks like it might continue. A pennat is currently being broken to the upside, which signals that further bullish pressure is going to come.
However, we are approaching a strong resistance, as well as the 200 EMA. If we have a cross of both, my bias will change to bullish. For now i'm just watching.
The USD rally cause by the vaccine news looks like it might continue. A pennat is currently being broken to the upside, which signals that further bullish pressure is going to come.
However, we are approaching a strong resistance, as well as the 200 EMA. If we have a cross of both, my bias will change to bullish. For now i'm just watching.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.