USDJPY holding the MA50 (1d).
USDJPY is trading inside a Channel Up since September.
The price has tested, held and consolidated on the MA50 (1d) for the last 4 days (including today).
This is a bullish signal, considering also that this is taking place near the bottom of the Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 164.350 (+6.20% rise).
Tips:
1. The RSI (1d) is below its MA trendline, on a sideways pattern that is similar to the September 16th 2024 and December 3rd 2024 bottoms.
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The price has tested, held and consolidated on the MA50 (1d) for the last 4 days (including today).
This is a bullish signal, considering also that this is taking place near the bottom of the Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 164.350 (+6.20% rise).
Tips:
1. The RSI (1d) is below its MA trendline, on a sideways pattern that is similar to the September 16th 2024 and December 3rd 2024 bottoms.
Please like, follow and comment!!
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Disclaimer
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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
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.