Buy now at 101.30. Take profit at 103.00. Stop loss at 100.55.
Reason for the trading strategy :
Price bounced right above our stop loss level yesterday and is back at our buying level. We remain bullish.
103.00 is a graphical resistance and fibonacci retracement level.
Stochastics (21,5,3) displays bullish divergence vs price. RSI (21) has made a bullish exit of its descending support-turned-resistance line signalling a bullish move is approaching.
Reason for the trading strategy :
Price bounced right above our stop loss level yesterday and is back at our buying level. We remain bullish.
103.00 is a graphical resistance and fibonacci retracement level.
Stochastics (21,5,3) displays bullish divergence vs price. RSI (21) has made a bullish exit of its descending support-turned-resistance line signalling a bullish move is approaching.
Exness - USDJPY remains bullish above our support
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