USD/JPY has broken out of its falling wedge, as convention would suggest. After a prolonged coil, the move could be sharp with swing highs at 156.76 and 158.88 now in focus.
Bulls could buy the breakout, placing stops below either the 50-day moving average or the January 27 low, depending on risk tolerance.
Momentum signals are mixed—RSI (14) has broken its downtrend, but MACD has yet to confirm.
With trade war risks weighing on sentiment, USD/JPY’s upside may hinge on strong US dollar momentum and rising Treasury yields—key drivers in recent weeks. Risk management remains critical in this volatile environment.
Good luck!
DS
Bulls could buy the breakout, placing stops below either the 50-day moving average or the January 27 low, depending on risk tolerance.
Momentum signals are mixed—RSI (14) has broken its downtrend, but MACD has yet to confirm.
With trade war risks weighing on sentiment, USD/JPY’s upside may hinge on strong US dollar momentum and rising Treasury yields—key drivers in recent weeks. Risk management remains critical in this volatile environment.
Good luck!
DS
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.