USDJPY Watch Out Downtrend Breaking Out_ Potential For Long
Target 1: Fib 38.2 @ 108.330
Target 1: Fib 50% @ 109.281
SL: Below 106.5
Reason:
1. 4H RSI divergence
2. EMA 10/20 crossed, EMA 200 nearly cross with 10/20
------------------------------------------------------------------------
***However, according to the USD News over past 7 days, there are still lots of uncertainties.
We need to be very patient and wait for all the technical indicators confirmed then go for long.
Best Luck!
Target 1: Fib 50% @ 109.281
SL: Below 106.5
Reason:
1. 4H RSI divergence
2. EMA 10/20 crossed, EMA 200 nearly cross with 10/20
------------------------------------------------------------------------
***However, according to the USD News over past 7 days, there are still lots of uncertainties.
We need to be very patient and wait for all the technical indicators confirmed then go for long.
Best Luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.