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USD/JPY Trading Analysis (18/07/2024)

18.07.2024

Market Review

The general trend is ascending. The downward inner truncated wave structure has finished. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

USD/JPY Forex price chart

Trading idea:

  • Buy at the breach of 156.590.
  • Stop-loss at 155.360.
  • Price targets at 158.200 and 161.730.


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

Author: GC
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