USDJPY on the M30 time-frame
USDJPY may rise 27 - 52 pips
Our preference
Long positions above 129.55 with targets at 130.40 & 130.65 in extension.
Alternative scenario
Below 129.55 look for further downside with 129.30 & 129.10 as targets.
Comment
The RSI shows upside momentum.
Daily and weekly charts are also bullish.
Our preference
Long positions above 129.55 with targets at 130.40 & 130.65 in extension.
Alternative scenario
Below 129.55 look for further downside with 129.30 & 129.10 as targets.
Comment
The RSI shows upside momentum.
Daily and weekly charts are also bullish.
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.