USDJPY is in range which can be also considered as a bull flag.
Technical aspects of the chart.
20 and 50 EMA buy signal was given.
MACD is on a first buying tick after three selling waves.
Broke out from head and shoulders formation.
Strong bounce from uptrend line.
Testing key resistance of 105.480
Trade.
Buy the breakout.
Take profit slightly below 105.800.
Good luck with this trade!
Tibor
Technical aspects of the chart.
20 and 50 EMA buy signal was given.
MACD is on a first buying tick after three selling waves.
Broke out from head and shoulders formation.
Strong bounce from uptrend line.
Testing key resistance of 105.480
Trade.
Buy the breakout.
Take profit slightly below 105.800.
Good luck with this trade!
Tibor
Trade closed: target reached:
Trade closed slightly below 105.600 +12 pips
