Inizia
Dollaro / Yen giapponese
Long

USDJPY Bullish Projection

Di riskyricky
The USD/JPY pair is showing strong bullish momentum, driven by both technical and fundamental factors. Here's the breakdown of the setup:

Trend: The pair has maintained a consistent uptrend, recently hitting a high of 156.748 before retracing slightly.
Key Support: The current support level is holding at 154.312, aligning with the 50-day moving average.
Resistance: Next major resistance is at 156.748, the recent high.
Indicators: RSI is at 66.033, suggesting the pair has room to move higher before reaching overbought territory.
Fundamentals: The Bank of Japan’s dovish policies and robust U.S. economic data continue to support USD strength against the yen.

Trade Plan:

Entry: 154.312 (current market price).
Stop-Loss: 153.862 (just below the support level to minimize risk).
Take-Profit: 156.748 (targeting the recent high)
Fundamental AnalysisTechnical IndicatorsTrend Analysis
riskyricky
Ricky Andrade also known as @RiskyRicky
(Founder of Market Masters, Inc.)
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