Our expert advisor indentified a bullish harmonic pattern for the USD/JPY on the D1 timeframe. Price is at a strong resistance level at this point.
The technicals are showing very mixed signals at this point, from a strong sell to a buy position.
What others are predicting
We see multiple different traders’ analysis predicting:
Here are my thoughts!
Price has re-entered the RSI 30 line = long indication
Other traders are also predicting a long position
Our target range for the long position is: 108.770 – 111.469
Cheers to another successful week!