USDJPY may rise 27 - 52 pips
Our preference
Long positions above 129.55 with targets at 130.40 & 130.65 in extension.
Alternative scenario
Below 129.55 look for further downside with 129.30 & 129.10 as targets.
Comment
The RSI shows upside momentum.
Daily and weekly charts are also bullish.
Our preference
Long positions above 129.55 with targets at 130.40 & 130.65 in extension.
Alternative scenario
Below 129.55 look for further downside with 129.30 & 129.10 as targets.
Comment
The RSI shows upside momentum.
Daily and weekly charts are also bullish.