The USD/JPY pair initially rallied during the course of the session on Monday, but turned right back around to form a shooting star. The shooting star of
The USD/JPY pair initially rallied during the course of the session on Monday, but turned right back around to form a shooting star. The shooting star of course is a negative sign, and we could drop down to the 105 level as a result. There should be quite a bit of support there though, so a supportive candle in that general vicinity should be a buying opportunity. On the other hand, if we can break above the top of the shooting star for the day on Monday, then that would be buying opportunity as well.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
