USDJPY Forex Analysis for June 5th 2019
Price action looks solid sideways in USDJPY and it is moving no place. The market is venturing down and venturing up and Forex investors could undoubtedly see that market activity is printing all over mix swings. Upcoming near term direction of the market looks ambiguous and we could expect USDJPY to hit buy zone or sell zone.
Zig Zag pattern has appeared in intraday chart. Solid long area is available at 107.83 value level and solid short area is available at 108.35, in light of latest swing high and swing low in 15 minutes time span of USDJPY. With reference to the sideways pattern, currency traders ought to consider no sell and no buy trades. In any case; a bullish break out in market activity above 108.35 buyer area or a bearish break down in price activity beneath 107.38, helps to bring a new trend in market. In this way, in view of the present market circumstance, abstain from buying and selling USDJPY and simply keep re-investigating the market development.
Source: https://fxinstructor.com/blog/usdjpy-forex-analysis-for-june-5th-2019
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