InvestingScope
Short

USDJPY: Target hit. Sell signal ahead.

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Our last USDJPY trade reached its 109.200 - 109.700 target zone:


The Channel Up on the 1H chart ( RSI = 66.020, MACD = 0.480, ADX = 47.769) which we based our call on traded very well and is still valid but is approaching the Higher High zone. We are expecting a rejection within the 110.000 - 110.650 region and will take this sell opportunity to target the 108.500 - 108.000 zone.

We have been following USDJPY closely since the August 2019 bottom:



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Comments

great analysis. I love the channel drawn there. I have the same call based on my trend line.
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Hello bro, I also followed USDJPY this week. Here was my analysis!

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I made a breakdown on it too, this is what I have
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