USDJPY has retraced to weekly support level and has started to show sigins of bullish trend and momentum. I current have 2 buy positions running on this pair!4 Hour Analysis:
1. Bullish divergence on RSI
2. Bullish trend - Price printing higher highs and higher lows
3. Potential Cup & Handle Pattern in play
4. Long term resistance trend line break and test
Note
RR 2 done!
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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.