InvestingScope
Long

USDJPY: Buy on pull back opportunity. Golden Cross emerging.

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
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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