USDJPY Rallying to 147
Updated
Fundamentals:
Intact previous presumptions.
See previous related idea
Technicals:
Price bouncing off support from March 2022 diagonal trendline
Horizontal support from January 2002
Fib bounce
Positive MACD
Price went sideways relative to the previous trend
End of a small 5 wave down swing
Conclusion:
Possible end of last major pullback before a rally towards 147
Intact previous presumptions.
See previous related idea
Technicals:
Price bouncing off support from March 2022 diagonal trendline
Horizontal support from January 2002
Fib bounce
Positive MACD
Price went sideways relative to the previous trend
End of a small 5 wave down swing
Conclusion:
Possible end of last major pullback before a rally towards 147
Trade active
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