Release： 03/07/2021 23:19

Update： 04/07/2021 04:10

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We are conducting online trading courses with direct instruction from a instructor using TradingView indicators. The original indicators are used to make it easy for beginners to analyze the market.

Is the USD/JPY near the upper bound of the channel, with a bullish wick from the Fibonacci level?

Hello. Good evening.

I am Akihiko Koba.

Now, today is about the USD/JPY.

"We observed a relatively large short-term decline in the USD/JPY. We should check what caused it."

Besides the channels, Fibonacci retracements and Fibonacci extensions seem to be influencing as well.

There are signs of a long-term trend forming, but buying at the highs is a little dangerous.

Considering the overheat and the fact that selling has actually started, it might be prudent to wait for a pullback."

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