Usd/jpy Price Analysis: Extends Pullback From 10-dma Towards 129.00
2022, 18 May - Forex
as long as the resistance at 114.50 is not surpassed, the risk of the break below 111.75 remains high.
as long as 21.70 is resistance, look for choppy price action with a bearish bias.
the RSI advocates for further downside.
the break above 113.60 is a positive signal that has opened a path to 116.00.
the break above 21.50 is a positive signal that has opened a path to 21.96.
a support base at 1821.00 has formed and has allowed for a temporary stabilisation.
the upward potential is likely to be limited by the resistance at 110.40.
the RSI is below its neutrality area at 50%
the RSI calls for a new downleg.
the RSI calls for a bounce.
the RSI calls for a new downleg.
as long as the resistance at 1832.00 is not surpassed, the risk of the break below 1810.00 remains high.
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