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Technical Analysis of JPY
Technical Analysis of JPY
USD/JPY OANDA:USDJPY
The Japanese Yuen (JPY) has entered in a consolidation and low momentum zone the candles are forming very short from both side of traders, the RSI with its average is falling down and the volume is also low which indicates the low momentum, mostly orders on sentimental charts are placed down, also fundamentally Iran war has pressurized the JPY more.
So i conclusion the trend is looking more bearish, see zones on chart.
Trader: Zar Khan
source https://www.tradingview.com/chart/USDJPY/7TZQ2Gh2-Technical-Analysis-of-JPY/
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