1-hour chart,
The USD/JPY currency pair has tested the support line and rebounded. I see a high probability to trade in zigzag to target the resistance at 146.6
Technical indicator RSI is supporting this view. MACD is waiting a confirmation above zero line and crossing up its signal line.
Stop loss should be considered (below the red line)
The USD/JPY currency pair has tested the support line and rebounded. I see a high probability to trade in zigzag to target the resistance at 146.6
Technical indicator RSI is supporting this view. MACD is waiting a confirmation above zero line and crossing up its signal line.
Stop loss should be considered (below the red line)
Trade closed: stop reached
