USDJPY: Target hit. Sell signal ahead.

524
Our last USDJPY trade reached its 109.200 - 109.700 target zone:

USDJPY: Buy on pull back opportunity. Golden Cross emerging.


The Channel Up on the 1H chart (RSI = 66.020, MACD = 0.480, ADX = 47.769) which we based our call on traded very well and is still valid but is approaching the Higher High zone. We are expecting a rejection within the 110.000 - 110.650 region and will take this sell opportunity to target the 108.500 - 108.000 zone.

We have been following USDJPY closely since the August 2019 bottom:

USDJPY: Hit the 1M Support. Long term Buy Opportunity.



** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.

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.