stamoyo
Panjang

USD/JPY 4H Plausible price action

FX:USDJPY   Dolar U.S/ Yen Jepun
The strong resistance was broken and the breakout was confirmed. The positive divergence between the price and RSI indicator is a common sign for an upcoming uptrend. The MA 100 and MA 21 are about to cross and the fast one is going up showing where the price had headed for. I believe that a bullish movement will be formed as shown. A few important levels are noted with dashed lines on which I am not going to deepen right now. Only time will tell whether we are right or not.
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