Long USDJPY

$0.03

0.26 $ earned

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Will Duxon
Will Duxon published an idea on USDJPY, H1
2 months ago

The 12-day baseline remained bullish during the recent three-week descent, and last week, the 24-hour baseline turned bullish as well. Given that I am looking at a green hourly candlestick after having observed price testing the 16-hour temporal support level, and given that the 24-hour temporal support level is not far below at 108.71, I am hoping the U.S. dollar-Yen will now continue climbing back up to my take-profit target at 109.62.

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    The U.S. dollar-Yen is in the lower region of its 6-hour and 16-hour price ranges and is rising above the 2- and 4-hour baselines, which gives me reason to suspect the rate will continue climbing above 109.57.