Get started
DLavrov

USDJPY Bullish Divergence

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
DLavrov  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Support and Resistance Technical Indicators USDJPY Forex
44
3
trendanalysis supportandresistance indicator usdjpy forex
The trading idea is based on a bullish divergence which gives us a trend reversal signal. The price bounces from 109.00 support level and RSI confirms price reversal in the oversold zone. MACD histogram supports possible upward movement. Entry level can be 109.50 with stop orders at 108.20 level. Profit targets are 111.00 and 114.00 resistance levels.
💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD

📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit

💎 Share My BEST Trades here 👉 bit.ly/wubits

Related Ideas

DLavrov
USDJPY Buy Opportunity
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.