USDJPY May Rebound
#trading_idea #USDJPY 💡
#USDJPY - Yen Rising
On the 1-hour chart, the pair fell to 143 support . The yen bounced today, after Japan's former defence minister Shigeru Ishiba won the leadership contest of the country's ruling Liberal Democratic Party and was set to become its next prime minister. Ishiba is a critic of past monetary stimulus and told the central bank was "on the right policy track" with rate hikes thus far. The RSI in overbought zone while the B&B points on bears power.
🔼If pair rebounds from 143 support, further move to 143.6 and further is possible.
🔽Alternatively, a slide to 142 is likely.
🔴 Click "👍" if you think the price will rebound and "👎" if you think it will slide.
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#USDJPY - Yen Rising
On the 1-hour chart, the pair fell to 143 support . The yen bounced today, after Japan's former defence minister Shigeru Ishiba won the leadership contest of the country's ruling Liberal Democratic Party and was set to become its next prime minister. Ishiba is a critic of past monetary stimulus and told the central bank was "on the right policy track" with rate hikes thus far. The RSI in overbought zone while the B&B points on bears power.
🔼If pair rebounds from 143 support, further move to 143.6 and further is possible.
🔽Alternatively, a slide to 142 is likely.
🔴 Click "👍" if you think the price will rebound and "👎" if you think it will slide.
➡️GET $20,000 JUST FOR $99
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