USDJPY - Long
Long opportunity in USDJPY based on following factors:
- Channel Breakout
- Chart Pattern - Reverse H&S
- RSI - Around 50
There is approaching significant resistance level @ 108.000. If prices breaksthrough that, next significant resistance level is @ 108.527. Long position around 107.700 around 12 SMA is advisable as it may act as dynamic support.
- Channel Breakout
- Chart Pattern - Reverse H&S
- RSI - Around 50
There is approaching significant resistance level @ 108.000. If prices breaksthrough that, next significant resistance level is @ 108.527. Long position around 107.700 around 12 SMA is advisable as it may act as dynamic support.
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