USD/JPY possible long entry? first post

19 янв. 2023 г.

USDJPY when looking at this looking at macd 45min-daily its looking bullish, we also see on the 15min we passed the 100ema, as I mentioned earlier we'd bounce off support line at 128.250 range.

Bearish side tho, it appears on the 30min 100ema we're still rejecting the bullish trend, but keeping note of our 20 and 50ema looking like good support upwards. Currently UJ is at 128.549 on the .618 fib downtrend which doesnt mean too much, but what we should be looking at is the .78 fib level which is showing lots of rejections. While also taking a look on the 15min 200ema appears to also show rejections at the moment.

So with this all being said 2H 20ema reject my target goal will be around the 128.00 area. will stay updated, but any break we may see above the 128.650 range bullish with a target of 131.00USDJPY