USDJPY: Very clear levels to trade.

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The USDJPY pair is inside an Ascending Triangle on the 1D timeframe, around the 1D MA50 and with the technicals basically neutral (RSI = 56.011, MACD = -0.010, ADX = 22.352). Our trading plan is simple. Sell on the 1D MA200 and target the HL of the Triangle (TO = 132.000). Buy above the R1 and target the R2 (TP = 142.250). If we close under the HL of the Triangle, sell and target the S1 (TP = 127.300). Below the S1 target the S2 (TP = 122.000).

Prior idea:

USDJPY: Decider level for buy or sell. Trade accordingly.


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