USDJPY is trading inside a Channel Up since September 16th and in the past 4 weeks has been ranging.
This consolidation was also seen on the previous Channel Up pattern of 2024, halfway through the pattern.
The 1day RSI patterns among the two are identical, which means that this is a strong buy opportunity.
Buy and aim for Resistance A at 162.000 as a short term, low risk target.
Previous chart:
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This consolidation was also seen on the previous Channel Up pattern of 2024, halfway through the pattern.
The 1day RSI patterns among the two are identical, which means that this is a strong buy opportunity.
Buy and aim for Resistance A at 162.000 as a short term, low risk target.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.