The USDJPY pair is testing the 1D MA200 with 1D technicals overbought (RSI = 69.263, MACD = 1.310, ADX = 58.730). Unless the price crosses above the R1 (138.215), the current level is the ideal sell entry. TP1 = 133.700 (above the 1D MA50) and if the price closes under the 1D MA50 then TP2 = 128.000 (above the S1).
The Death Cross is supporting the idea of a long term downtrend, however if the price closes above the R1 it makes a Higher High and invalidates this. In that case buy (TP = 142.000, under R2).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
The Death Cross is supporting the idea of a long term downtrend, however if the price closes above the R1 it makes a Higher High and invalidates this. In that case buy (TP = 142.000, under R2).
## If you like our free content follow our profile 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.