We can clearly see a , which makes this pair in long term, however I would like to see this pair hit the bottom of the before it heads up, if we do break the blue , its a safe to say to sell after a small consolidation, if we don't then we shall continue heading up.
The 4hr time frame also shows a too, but its unclear if its descending or ascending . regardless of the properties, a breakout of either side should be followed by a small consolidation and a big move.
- Sentimental data provided by Mongers Kit shows majority are Long on this pair :
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down side prevails, safe to short with tight SL
Things are wild as I am bullish usdjpy..