Hi piple!
I have effectuated a technical analysis for the USD/JPY pair on a one hour time frame, as shown in the chart below:
There is an overall down trend since 19 September 2019. The resistance trend line has been breached aggressively, and . The price is expected to bounce back from the psychological level 107.800 for a bit, before possibly continuing an uptrend in the coming day.
What do you think ?
When you say next few days, that actually puts my own TA into a blind spot. I don’t see real issues with your analysis but do you mean this time horizon literally?
My weakness is I can make a pretty good analysis of where price will be in the next 3 hours or where it will be in the next 2 weeks, but I can’t see between the two.
Sorry. I meant to say “the coming day”.
My directional bias for USDJPY is Bullish. We should at least see price breakout above 108.000
