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theforexarmy

USDJPY Remain bullish for a push up

Panjang
Dolar A.S. / Yen Jepun (FX:USDJPY)  
theforexarmy  
FX:USDJPY   Dolar A.S. / Yen Jepun
USDJPY usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong USD jpy usdjpyanalysis usdjpy1hr usdjpylongsetup usdjpysell usdjpybuy
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usdjpy usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong usd jpy usdjpyanalysis usdjpy1hr usdjpylongsetup usdjpysell usdjpybuy
Buy above 111.35. Stop loss at 110.35. Take profit at 113.80.
Reason for the trading strategy:
We remain bullish above 111.35 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 113.80 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) is approaching strong support at 36% and also sees bullish divergence versus price, signalling a bullish bounce is soon approaching.
Penafian

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