USDJPY Watch Out Downtrend Breaking Out_ Potential For Long
Target 1: Fib 38.2 @ 108.330
Target 1: Fib 50% @ 109.281
SL: Below 106.5
Reason:
1. 4H RSI divergence
2. EMA 10/20 crossed, EMA 200 nearly cross with 10/20
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***However, according to the USD News over past 7 days, there are still lots of uncertainties.
We need to be very patient and wait for all the technical indicators confirmed then go for long.
Best Luck!
Target 1: Fib 50% @ 109.281
SL: Below 106.5
Reason:
1. 4H RSI divergence
2. EMA 10/20 crossed, EMA 200 nearly cross with 10/20
------------------------------------------------------------------------
***However, according to the USD News over past 7 days, there are still lots of uncertainties.
We need to be very patient and wait for all the technical indicators confirmed then go for long.
Best Luck!
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