Buying the USDJPY under a Day timeframe could be a good trade now that could earn 300 pips.
USDJPY (DAILY) BUY
Why Buy
-There is a clear up move that has been observed in the last 2 months
- Trend indicators are pointing Up
-Extreme indicators are pointing Oversold
- Wave indicators are correctly pointing down, as the pair is finding resistance not only at the 91.00 major psychological level but also at the 23.6% Fibonacci level. If this holds we may see a bounce back to 94.80, which is around 300 pips.
Read more about this market analysis here
Read how the Trend/Wave/Extreme system that spotted this trade, works here.
USDJPY (DAILY) BUY
Why Buy
-There is a clear up move that has been observed in the last 2 months
- Trend indicators are pointing Up
-Extreme indicators are pointing Oversold
- Wave indicators are correctly pointing down, as the pair is finding resistance not only at the 91.00 major psychological level but also at the 23.6% Fibonacci level. If this holds we may see a bounce back to 94.80, which is around 300 pips.
Read more about this market analysis here
Read how the Trend/Wave/Extreme system that spotted this trade, works here.
Attached Image (click to enlarge)
