Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Ellipse.
USDJPY Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is rising.
The pullback seems to be strong as the weekly candle is an engulfing bearish candle. Keeping these facts in mind the pair may see a down move in coming weeks but it will be restricted by the rising trendline.
USDJPY Daily Chart
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