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InvestingScope

USDJPY: Buy on pull back opportunity. Golden Cross emerging.

Long
Dollaro / Yen giapponese (FX_IDC:USDJPY)  
InvestingScope  
FX_IDC:USDJPY   Dollaro / Yen giapponese
Trend Analysis Chart Patterns Technical Indicators USDJPY Forex USD jpy DJ FXCM Index dollar japaneseyen Currencies currency
23
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trendanalysis chartpattern indicator usdjpy forex usd jpy usdollar dollar japaneseyen currencies currency
The pair has formed a standard Channel Up on the 1H chart (RSI = 373.336, MACD = 0.620, ADX = 50.781, Highs/Lows = 1.0500) and is close to making a new Higher High within the 107.750 - 108.550 zone. As the Golden Cross is emerging, we are expecting an even stronger rise around 105.00 towards the 109.200 - 109.650 zone.

Previous successful trade on USDJPY:

USDJPY: 1D Channel Up. Update on our long position.



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