USD/JPY edged lower yesterday on dovish Fed news. The trend on the D1 chart is still favorable for the price to continue upward. Yesterday’s pullback provided further room for price upside. At present, the RSI indicator has fallen back to a safe position, effectively pushing the price up. In addition, MACD long trading volume is also gradually strong. The RVI indicator is also above the 0 axis, indicating that the uptrend remains strong.
The two-line MA on the H1 chart formed a golden cross, driving the market to further rise. The ADX indicator +DI is also above -DI, and ADX is also showing signs of rising, and the surface long trading volume is very strong.
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