RKarina

USDJPY: Received 2 great supports

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RKarina 已更新   
FX:USDJPY   美元 / 日圓
Hello dear friends, what do you think will happen to USDJPY today?

Currently, the USDJPY currency pair is experiencing a good upward momentum:

Regarding the first factor: USDJPY has completely escaped from its previous downward trend and is showing strong buying momentum returning.

Regarding the second factor: After price correction to the Fibonacci 0.5 level, the price has started to rebound, which is a perfect sign indicating strong buying pressure from investors.

With these two factors, we will prioritize a Buy strategy for USDJPY with favorable conditions to take profit at the two main levels of 149.19 and then 154.37.

How about you? What is your opinion on USDJPY?
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