I think he could see another push up from USDJPY as on the bigger timeframes we are in an up trend even though short term we have been in a downtrend. Multiple confluences here:
1.Longterm uptrend
2.resistance turned support level
3.trendline touch
4.61.8 fib level
As always I will be waiting for some candlestick confirmation at the support level to make a decision on a trade but for the meantime I am bullish on this pair.
What are your thoughts?
1.Longterm uptrend
2.resistance turned support level
3.trendline touch
4.61.8 fib level
As always I will be waiting for some candlestick confirmation at the support level to make a decision on a trade but for the meantime I am bullish on this pair.
What are your thoughts?
Order cancelled
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.
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.