InvestingScope
Long

Target hit. 1W Rectangle extended lower but intact. Long.

FX_IDC:SEKJPY   SWEDISH KRONA / JAPANESE YEN
TP = 12.283 hit on SEKJPY as the 1W Rectangle declined and even marginally crossed the 12.050 Support to form a new base at 11.973. This doesn't alter our support-long/ resistance-short strategy, as the pair is showing significant bullish reversal bias on 1D (overbought STOCHRSI, Williams, CCI , ADX = 22.908, RXO = 2.123). Going long, TP = 12.700.
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