DLavrov

USDJPY Bullish Divergence

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Price diverged with MACD and RSI indicators. It's a signal that probably down movement is over. DMI confirms range market conditions and allows open long trades. We can buy if price breaks MA50 with stop below 108.700 level. Take-profit orders should be placed at MA100 and the resistance level.

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