Long opportunity in USDJPY based on following factors:
- Channel Breakout
- Chart Pattern - Reverse H&S
- RSI - Around 50
There is approaching significant resistance level @ 108.000. If prices breaksthrough that, next significant resistance level is @ 108.527. Long position around 107.700 around 12 SMA is advisable as it may act as dynamic support.
- Channel Breakout
- Chart Pattern - Reverse H&S
- RSI - Around 50
There is approaching significant resistance level @ 108.000. If prices breaksthrough that, next significant resistance level is @ 108.527. Long position around 107.700 around 12 SMA is advisable as it may act as dynamic support.
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.
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.