I think he could see another push up from USDJPY as on the bigger timeframes we are in an up trend even though short term we have been in a downtrend. Multiple confluences here:
1.Longterm uptrend
2.resistance turned support level
3.trendline touch
4.61.8 fib level
As always I will be waiting for some candlestick confirmation at the support level to make a decision on a trade but for the meantime I am bullish on this pair.
What are your thoughts?
1.Longterm uptrend
2.resistance turned support level
3.trendline touch
4.61.8 fib level
As always I will be waiting for some candlestick confirmation at the support level to make a decision on a trade but for the meantime I am bullish on this pair.
What are your thoughts?
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