USD/JPY: 4-hour
Waiting for a chance to buy the Greenback again? Well this just might be it! After that sharp selloff earlier this month, USD/JPY is finding support at the bottom of its rising channel on the 4-hour time frame. At the same time, stochastic is climbing and indicating that dollar bulls are in control of price action for now. If you’re thinking of going long, watch out for potential resistance at the middle of the forex channel!
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