USDJPY was previous in a uptrend for a while untill
price broke lower but a downtrend was not confirmed,
price stopped making lower lows and usdjpy started
trading within a range in between it's previous swing levels
Price have been trading higher within the range
and higher high/lows are made, the top of the range
would be an interesting place to look for reversals
Untill the highs or the lows of the range have been
broken and a trend confirmed, we can expect usdjpy
to keep trading in the range
price broke lower but a downtrend was not confirmed,
price stopped making lower lows and usdjpy started
trading within a range in between it's previous swing levels
Price have been trading higher within the range
and higher high/lows are made, the top of the range
would be an interesting place to look for reversals
Untill the highs or the lows of the range have been
broken and a trend confirmed, we can expect usdjpy
to keep trading in the range
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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.
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.