Home About the company Daily reviews USD/JPY Trading Analysis (08/07/2024)

USD/JPY Trading Analysis (08/07/2024)

08.07.2024

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the pivot 2 (160.715) of the descending truncated structure.
Stop-loss at 160.250.
Price targets at 61.320 and 161.940.

#usdjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Review topic

All Fundamental reviews Market news Premarkets Technical reviews