usdjpy could be a good buying opportunity
📌 Potential BUY setup for USDJPY
👨💻 Technical: A lot of bullish momentum, weekly down, however, all other timeframes are moving up, recent daily break of moving averages suggests a further push to the upside.
🎯 For an ideal entry: There is a good chance that this trade would have a retracement back towards the moving averages before continuing further bullish pressure, so waiting might be an ideal entry at candlestick confirmation, giving you a better risk-reward in the long run.
👨💻 Technical: A lot of bullish momentum, weekly down, however, all other timeframes are moving up, recent daily break of moving averages suggests a further push to the upside.
🎯 For an ideal entry: There is a good chance that this trade would have a retracement back towards the moving averages before continuing further bullish pressure, so waiting might be an ideal entry at candlestick confirmation, giving you a better risk-reward in the long run.