USDJPY: Buying Opportunity

USDJPY: Buying Opportunity

U.S. Dollar/Japanese Yen FX:USDJPY


This pair should be added to a watchlist. The price bounced from the support zone . We have a reversal candlestick pattern. RSI and MACD histogram confirmed the price reversal.

The previous buy signal from this support gave a trade closed by stop. But we have the same market conditions, which allows us to open long positions. During the next week, we should wait for a pullback using the hourly charts and open long positions as close to the support zone as possible.

This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Source: TW DLavrov

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