FXOpen Trader Posted yesterday at 09:22 AM Share Posted yesterday at 09:22 AM USDJPY Technical Analysis – 10th MAR, 2025 USDJPY – Support of Channel is Broken USDJPY was unable to continue its Bullish momentum and after touching a high of 149.21 the prices started to decline against the United States Dollar today in the US Trading session. The Support of channel is broken in the daily timeframe. We can see Moving Average bearish crossovers: MA50 & MA100 present in the daily timeframe. We can also see that the CCI indicator is oversold: under -100 in the daily timeframe. Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets. Both the RSI and STOCHRSI are indicating a SELL at the current market levels of 146.93 The prices are now ranging near 146.92 which is a 14 Day RSI at 30%. #fxopen #forex #forexanalysis Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check ... Link to comment Share on other sites More sharing options...
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