On the daily timeframe, USDJPY is currently in a bearish trend after experiencing a trend reversal in the previous session. The pair has shown significant gains since the beginning of the month, successfully entering the kumo cloud and reaching a price position of 149.225. Despite the market volatility that caused some reversals, the price still rose significantly compared to last month. However, with the stochastic chart showing a decline, there are indications that this bearish trend will continue. Traders are advised to pay attention to other indicators before making trading decisions.
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The information provided on this website is intended for general informational purposes only and does not constitute financial or investment advice. The content on this website is not tailored to the specific circumstances or investment objectives of any individual or entity.
Please be aware that the products mentioned on this website, including Over the Counter (OTC) foreign exchange contract and derivative products carries a high level of risk which may not be suitable for everyone, that may result in the loss of your investment. We strongly recommend seeking professional advice or conducting thorough research before making any investment decisions or engaging in derivative product trading.
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Please note that this disclaimer applies specifically to non-Australian products. If you are located in Australia, different regulations and disclosures may apply.
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The services listed on this website are not available to residents of the USA, Japan, Ukraine, Indonesia, New Zealand, Australia, and North Korea.
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