USDJPY: Received 2 great supports
Updated
Hello dear friends, what do you think will happen to USDJPY today?
Currently, the USDJPY currency pair is experiencing a good upward momentum:
Regarding the first factor: USDJPY has completely escaped from its previous downward trend and is showing strong buying momentum returning.
Regarding the second factor: After price correction to the Fibonacci 0.5 level, the price has started to rebound, which is a perfect sign indicating strong buying pressure from investors.
With these two factors, we will prioritize a Buy strategy for USDJPY with favorable conditions to take profit at the two main levels of 149.19 and then 154.37.
How about you? What is your opinion on USDJPY?
Currently, the USDJPY currency pair is experiencing a good upward momentum:
Regarding the first factor: USDJPY has completely escaped from its previous downward trend and is showing strong buying momentum returning.
Regarding the second factor: After price correction to the Fibonacci 0.5 level, the price has started to rebound, which is a perfect sign indicating strong buying pressure from investors.
With these two factors, we will prioritize a Buy strategy for USDJPY with favorable conditions to take profit at the two main levels of 149.19 and then 154.37.
How about you? What is your opinion on USDJPY?
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