USDJPY: Sustainable rise on 1D. Buy.

22 Jan

USDJPY is on a bullish 1D technical outlook (RSI = 66.246, MACD = 0.750, ADX = 53.805) as the price has established trading over the 1D MA50, negating a potential 1D Death Cross and is extending the bullish wave inside the Channel Up. The 1D RSI looks like March-April 2023 so far which was the start of the second bullish wave of 2023. We are expecting a minimum of +10.75% rise and remain bullish on the medium term (TP = 155.000).

See how our prior idea has worked out:

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