USDJPY is trading within a Channel Up on the 1D chart since the August bottom (RSI = 64.864, MACD = 0.280, ADX = 28.402, Highs/Lows = 0.7486) and having broken both the MA50 and MA200 on the current bullish leg, is almost on the Higher High trend line.
So far this is aligned perfectly with our August buy call at the bottom:
However being on the Higher High zone, we may see a short term pull back to either the 1D MA50 or MA200 for a new Higher Low, before completing the uptrend within our 111.000 - 112.000 Target Zone.
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So far this is aligned perfectly with our August buy call at the bottom:
However being on the Higher High zone, we may see a short term pull back to either the 1D MA50 or MA200 for a new Higher Low, before completing the uptrend within our 111.000 - 112.000 Target Zone.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.