Get started
Charts247TradingAcademy

USDJPY Pre-London Session Trade

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Charts247TradingAcademy  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Fibonacci Wave Analysis
0
0
trendanalysis fibonacci waveanalysis
The Technical outlook for the USDJPY is very strong. The current price is trading above 2,3,4 Daily Highs; this means the price is very bullish.
We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH.
Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci.
If the price manages to trade above this level, there is a strong chance that the price will continue higher.
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.