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
All analyses, signals, and blogs showed above are written by René Remsik and represent opinions and views on financial markets by Atlantis Capital Group. Information we provide is mostly predictions and forward-looking statements which involve risk and may prove wrong in the future, so you should do your own research before making any decisions. Trading with leverage is risky and may cause a loss of 100% of the trading capital. All the articles wrote above are neither an offer nor a recommendation to purchase or sell any financial instrument. René Remsik is not a registered securities advisor and you are 100% responsible for all the decisions you make.
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