The pair has formed a standard Channel Up on the 1H chart ( RSI
= 373.336, MACD
= 0.620, ADX
= 50.781, Highs/Lows = 1.0500) and is close to making a new Higher High within the 107.750 - 108.550 zone. As the Golden Cross is emerging, we are expecting an even stronger rise around 105.00 towards the 109.200 - 109.650 zone.
Previous successful trade on USDJPY:
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