USD/JPY BUYERS WILL DOMINATE THE MARKET|LONG

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Dolar A.S. / Yen Jepun (FX:USDJPY)

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FX:USDJPY Dolar A.S. / Yen Jepun

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Hello,Friends!

USD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 149.324 area.

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Penafian

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