EUR/JPY D1 chart, the yen has been on a losing streak for nearly a month, with the price currently trading higher at 139.185 on Tuesday. The MACD indicator is currently in a strong uptrend with bullish volume breaking above the signal line. The RVI indicator is also above the 0-axis with a clear upward trend.
The current price on the H1 chart has reached the oversold area. It can be seen that the 200EMA is below the price, and it is recommended to only be long and not short. The Williams indicator has also fallen into oversold territory and can enter long positions at the lows.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
