XE Currency Charts

USD/JPY Forex Technical Analysis – September 20, Forecast Profit-taking and position-squaring drove the USD/JPY lower on Wednesday, following a prolonged move up in terms of price and time.

From the creators of MultiCharts. Following the bull trend from Couple of weeks Market has now reached a strong resistance level where we can analyze techincally that market can correct from this strong Resistance level and reverse We have different confirmations to take this trade 1-RSI overbought on Daily 2-Engulfing on H4 3-Strong resistance level 4-RSI overbought on H4 We can short now with Sell entry in the red zone Government bond yields and Japanese Government bond.

Price drivers

USD/JPY Forex Technical Analysis – September 20, Forecast Profit-taking and position-squaring drove the USD/JPY lower on Wednesday, following a prolonged move up in terms of price and time.

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