USDJPY Bullish extension signal Long
U.S. DOLLAR / JAPANESE YENICE
Description
⋅ USDJPY is trading inside a Channel Up for almost a month.
It priced the last Higher Low on September 11th and now has established the price action over the 4hour MA50.
All Higher Lows have been met with a 4hour MACD Bullish Cross.
As a result this is an extension of the bullish Channel Up wave. Buy and target 148.500 (+1.79% rise as the wave prior).
Previous chart:
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