USDJPY 4h buy signal inside a Channel Up.USDJPY is trading inside a Channel Up.
The price is repeating a 3 phase rise of cup patterns whose next High is on the 1.236 Fibonacci extension.
We are currently on the new 2nd cup phase.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 154.250 (1.236 Fib).
Tips:
1. The RSI (4h) is also on a descending channel similar to the early stages of the 3 cup phase pattern.
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