The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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Red lines- bearish RSI divergence
Blue lines- support trend lines
Green lines- Fibonacci retracement levels
USDJPY is trading around 147.63. Today price is making lower lows. Short-term trend is bearish. Price has broken the first blue support trend line. The warning sign was given by the bearish RSI divergence and we noted this last week. The break below 150.20-150 confirmed the short-term reversal signal. Next downside target is the 23.6% Fibonacci retracement of the entire upward move from 127.24 and the second blue upward sloping support trend line around 146.10. The RSI has still not reached oversold levels and that is why we expect USDJPY to continue lower over the coming two weeks. We might see a bounce for one or two trading sessions, but overall we expect USDJPY to see lower levels.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
