USDJPY - OUTLOOK
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Price has declined since mid last year but seems to be stalling on the 61.8 and past resistance, which now seems to be turning into solid support.
A Long position from here on a smaller time frame would be good. As we are in a descending triangle with firm/rejecting support which states the obvious with bull momentum price will look to retest the upper line.
A long position may look something like this:
Feedback Appreciated :)
A Long position from here on a smaller time frame would be good. As we are in a descending triangle with firm/rejecting support which states the obvious with bull momentum price will look to retest the upper line.
A long position may look something like this:
Feedback Appreciated :)
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