Currency analyst

USD/JPY: correcting is losing momentum

USD/JPY is correcting on the daily chart. This is confirmed by rising MACD, the intersection of EMA9 and EMA26, retracement of ADX. At the same time the bearish trend remains in place: ADX is far from its extreme values (above 56), -DMA>+DMI. The main recommendation is to sell on rallies.


On H1 USD/JPY iis losing bullish momentum: ADX is above its extreme values, +DMA and –DMI started declining. In line with the "Bat" pattern sell the pair from 105.

Recommendation: SELL 105, SL 106, TP1 103, TP2 102.


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