JPY Shows Strength On H1 Time Chart
The above chart shows the hourly of FXCM’s JPY index – JPYBASKET . The observations are as follows:
– The lime green leading span A had crossed above the red leading span B.
– The forward cloud is light green and indicates support.
– Price is above the black base line and the base line is moving in a direction.
– The orange lagging span is above price, which is indicative of strength.
These observations suggest an element of bullishness for FXCM’s JPYBASKET .