Here's a brief analysis for a short idea on USDJPY:
*Technical Analysis:*
- USDJPY has been in an uptrend since January 2023, but has recently shown signs of exhaustion and correction is now likely.
- The Relative Strength Index (RSI) has entered overbought territory, indicating a potential pullback.
*Fundamental Analysis:*
- The Bank of Japan (BOJ) has maintained its dovish stance, however intervention is now more then likely
*Technical Analysis:*
- USDJPY has been in an uptrend since January 2023, but has recently shown signs of exhaustion and correction is now likely.
- The Relative Strength Index (RSI) has entered overbought territory, indicating a potential pullback.
*Fundamental Analysis:*
- The Bank of Japan (BOJ) has maintained its dovish stance, however intervention is now more then likely
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The Ultimate Master of Trading, fulltime trader, sharing my own trades for free with 90% win rates
The Ultimate Master of Trading, fulltime trader, sharing my own trades for free with 90% win rates