Filipo1
Long

Rebound in sight on USDJPY?

FX:USDJPY   U.S. Dollar/Japanese Yen
34 1 4
Divergences on RSI + MACD combined with the long shadow candlestick (right on the SMA55) indicating market's hesitation to keep going lower on the monthly chart lead me to anticipate a rebound on the lower uptrend channel line.
If confirmed I will go long with stop-loss below 100.

snapshot


Filipo1
4 months ago
P.S. As you can see on the monthly chart, 100.50 area is a strong support line that was only briefly broken by wicks on Brexit volatility but not closing levels.
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