Dear traders, now FXLabz will analyze indepth about currency pairs USDJPY.
Dollar v Yen is the Most volatile in weekly Time frame. In monthly Time frame, USDJPY trend is up, but “the current Price” has broken buyer zone hardly as you can see on the chart.
Dollar Yen — UJ pair, in weekly Time frame, is clearly seen that in a downtrend momentum, which seen in Big red candles and it broke buyer zone hardly (see chart explanation). And In daily Time frame, USDJPY is also in downtrend. On the chart FXLabz has identified on red rectangle seller zone and will soon deliver the details One.
Now, on the Lower Time frame, 4H UJ is struggling to get back on its limited uptrend, which buyer zone has been identified by FXLabz in other analysis.
Originally published on Blogger