Abstract:Looking at the USDJPY yesterday, it’s a good example of multiple indications that we could be in for a new push higher. Sometimes the more evidence you have to back up an idea, the better. Sadly, however, that won’t be a guarantee it will work out!
Looking at the USDJPY yesterday, it‘s a good example of multiple indications that we could be in for a new push higher. Sometimes the more evidence you have to back up an idea, the better. Sadly, however, that won’t be a guarantee it will work out!
The majors continue to observe a sold session to the JPY yesterday. The GBPJPY posted a break above resistance and outside of its downtrend.
Looking at the USDJPY, a few things have our attention that could be pointing to a new push higher. First, we can see classic divergence on the CCI, and we like to see the price confirm the divergence as it can give false signals on its own. We also see the price breaking minor resistance and the downtrend with a nice false low on the 24th, combined with support at 130.50/60.
All of these together give us lots of ammo that buyers could regain control. What we need now is a nice push higher that gives us confirmation. If buyers continue to hold momentum, we will look at 132.52 and 134.50 as resistance.
If yesterday‘s bar fails and we see a close below 131.55 minor resistance, this could be a warning and could be telling us buyers don’t hold the numbers yet
In forex trading, understanding and managing risk is paramount to success. One powerful tool that traders have is the "stop loss order."
One-third of Lagosians' salary is spent on food, according to another survey. Analysts claim that rising fuel and diesel prices are a major cause of inflation. Since 2015, government investment and consumption have fueled economic development.
According to Africa Norwegian Seafood Council Director Trond Kostweit, the delisting would help Nigeria's stockfish industry.
In this article, we'll look in-depth at STARTRADER, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.