USDJPY Weekly View: Bouncing nicely, remain bullish
Buy above 112.60. Stop loss at 111.35. Take profit at 115.30.
Reason for the trading strategy:
USDJPY has bounced nicely off our support at 111.35 previously. We now remain bullish above 112.60 support (Fibonacci retracement, horizontal overlap support) for a further push up to 115.31 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is seeing strong support above our 36% level and also displays bullish divergence vs price. A recent bullish exit signals a further acceleration in price upwards.
Reason for the trading strategy:
USDJPY has bounced nicely off our support at 111.35 previously. We now remain bullish above 112.60 support (Fibonacci retracement, horizontal overlap support) for a further push up to 115.31 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is seeing strong support above our 36% level and also displays bullish divergence vs price. A recent bullish exit signals a further acceleration in price upwards.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.