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USD/JPY Mid-Day Outlook

Analytic Dave

Jun 2, 2023

Daily Pivots: (S1) 138.19; (P) 139.07; (R1) 139.68; More… Intraday bias in USD/JPY remains neutral as range trading continues. Downside of retreat should be contained above 138.22 support to bring another rally. Break of 140.90 will resume larger rise from 127.20 to 142.48 fibonacci level. However, considering bearish divergence condition in 4 hour MACD, break […]

The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

What are some tips for successful forex trading?

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● Don't trade emotionally.

Analytic Dave

AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.

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Q1: What is the best trading indicator?
A: Commonly used indicators include Moving Averages, RSI, MACD, and Bollinger Bands.

Q2: Can I rely solely on indicators?
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