USD/JPY currency pair analysis
The general trend is ascendant. The descendant wave structure of the H1 level is truncated. Awesome oscillator indicates bullish divergence, and stochastic oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is under the local minimum of the descendant structure.
Target levels: 115.74; 116.17.
