USDJPY - Crystal clear trading signal

Rene Remsik Atlantis Capital Group

USDJPY is in the uptrend for more than a half year, and now it's showing a trading signal on the continuation of that trend. The market made a fair correction from 114.347 resistance and now it got to a strong support, where we can expect a bullish reaction. Strong support and trendline are what stopped the correction on USDJPY. Divergence is what's supporting this idea of USDJPY to continue upwards. Potential move upwards is at least to 112.855, but there is a high probability that the market is going to retest last high 114.549.

Recommended entry: 112

Stop-loss: 111.5

Take-profit: 112.85

Author

Rene Remsik

Atlantis Capital Group

My friends and family consider me as a market geek. I got into markets when I was just 15 years old and since then I read, study, analyse markets and mainly currencies, commodities, stock indices and cryptocurrencies.

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