amusedGray33408

amusedGray33408

After price correction and a downward movement that touched the 600 and 300 moving averages on the 4H chart, with a subsequent strong bullish candlestick reversal and a breakout above the MA200, we can expect the bullish trend to continue respecting the Fibonacci levels. In the coming week, upon the first touch of the 3350 price level, we may enter a long...

amusedGray33408

Part 2: USD/JPY Chart Analysis It seems that, due to the upcoming NFP news (which will be released shortly), the price is in a state of uncertainty. If the downtrend or price correction continues, this is one possible scenario we could see. However, it might also be better to stay risk-free or even close the trade here.

amusedGray33408

After a long buy price need a correction movement and it can be a sell order