USDJPY Long midterm (RENCO analisys)
USDJPY is giving a positive signal for long position for the next 24-36 trading hours and I am expecting it to hit the resistance level of 110.70 within this period of time. As per my Renko strategy the green bar is above 10 MA and the OBV pointed up. RSI and Stochastic also rising from the oversold position upwards, which is a great confirmation for Buy. Stay tuned guys!
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