var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘ukHTcpxp’;
new TradingView.chart(tradingview_embed_options);
USDJPY Weekly Forex Forecast 22nd September To 29th September by yshashmi37 on TradingView.com
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 109.90 would begin in Midterm.
We will close our open trades, if the Midterm level 109.90 is broken.
Technical analysis:
The RSI bounced from the resistance #1 at 74 and it prevented price from more gains.
The RSI resistance #2 at 58 is broken, so the probability of resumption of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 63.
About the Author
