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Basit-Abdul

Anticipation of a BULLISH Movement of the USDJPY pair.

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Basit-Abdul Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Lines Multiple Time Frame Analysis rsi_oversold 24hrtradingacademy
5
1
trendline mtfa rsi_oversold 24hrtradingacademy
As demonstrated, this pair has reached to the bottom of the Daily Trend Line and has slightly broken through. When looking at the 4hr time frame, it is noticed that the pair is very considerably oversold on RSI. Instant entry or possibly wait for the market to reach support.
Trade closed: target reached:
150+ Pips caught. Current Market seems to be consolidating. I think its time to anticipate a SELL for the pair as it is also considerably high on RSI.
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