#USDJPY-Update: Accumulation Forming, Upside Likely! #Forex
Traders,
Update: The pair is moving very well. If it closes at the highs of the day we could have a longer term impulse move to the upside, not just a corrective move.
USDJPY has hit a support, followed by very compelling bullish reversal candles right at the bottom of the range. Price appears to be accumulating here, and expecting some great upside. There is a very nice Stochastic bullish divergence, as well as the higher low off the exuberant sell off, implying that bulls are inconspicuously buying positions in the dusk.
For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile. UK residents are eligible for significant discounts!
Update: The pair is moving very well. If it closes at the highs of the day we could have a longer term impulse move to the upside, not just a corrective move.
USDJPY has hit a support, followed by very compelling bullish reversal candles right at the bottom of the range. Price appears to be accumulating here, and expecting some great upside. There is a very nice Stochastic bullish divergence, as well as the higher low off the exuberant sell off, implying that bulls are inconspicuously buying positions in the dusk.
For more information in joining my professional signals group or professional online trading tuition, Message me directly on Trading view or email me with the email address on my Trading view profile. UK residents are eligible for significant discounts!
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