USDJPY: Get good support for price increases
Hello dear friends, do you think USDJPY will increase or decrease today?
Currently, the USDJPY currency pair is receiving quite good upward momentum with many factors supporting this recovery.
- Regarding the first factor:
USDJPY has completely exited the trend and the downtrend line shows that the strong momentum of buyers has returned.
- Regarding the second factor:
After the price adjustment to the 0.5 Fibonacci zone, the price started to rebound again, this is a perfect DOW sign showing huge buying power from investors.
With the above two factors, we will prioritize the Buy USDJPY strategy with favorable conditions to take profits at the two main milestones of 146.55 and then at 148.32.
And you, what are your ideas about USDJPY?
Currently, the USDJPY currency pair is receiving quite good upward momentum with many factors supporting this recovery.
- Regarding the first factor:
USDJPY has completely exited the trend and the downtrend line shows that the strong momentum of buyers has returned.
- Regarding the second factor:
After the price adjustment to the 0.5 Fibonacci zone, the price started to rebound again, this is a perfect DOW sign showing huge buying power from investors.
With the above two factors, we will prioritize the Buy USDJPY strategy with favorable conditions to take profits at the two main milestones of 146.55 and then at 148.32.
And you, what are your ideas about USDJPY?
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