USDJPY - Daily - Well you just look at that...
Nice bullish formation happening here with those three candles. And we held that bottom support line three days in a row.
Now then, I believe that we could see some good Buying activity if we break the SMA in the Bollinger Band to the upside and close above it. Also, a retracement to 38.2% level would be ideal... At least... Depending on the activity, I would even aim to 50% retracement. But you can be the judge for that.
Be careful and keep an eye on the price action!
Now then, I believe that we could see some good Buying activity if we break the SMA in the Bollinger Band to the upside and close above it. Also, a retracement to 38.2% level would be ideal... At least... Depending on the activity, I would even aim to 50% retracement. But you can be the judge for that.
Be careful and keep an eye on the price action!