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theselfishtrader

Bullish Reversal Long trade opportunity

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
theselfishtrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Forex forexsignals trading swingtrading
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trendanalysis chartpattern indicator usdjpy forex forexsignals trading swingtrading
I am looking for a long trade at current prices.
  • The 2-period RSI is overbought
  • Price recently broke out above, and is now retesting dynamic support on the 50EMA
  • A bullish inside bar has formed
Conservative targets at 108.4 - 108.5 range

NB: The daily and weekly candles suggest the longer term trend is bearish
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