Another one as you can see the pair is moving to retest a major level which is a good opportunity to go long..
RSI is heading south to overbought area, also .50% fibo retracement smack at the support area , and EMA 50 is getting close to the price as you know this moving average is a dynamic support and resistance .
If you want to take the trade from this levels it could yield around 100 pips to 90.25 as a TP
PS. all yes pairs are highly correlated to USD/JPY 0.24% so if the greenback keep the pressure yen will be weak against all currencies, but if UJ drop this trade will probably gonna fail..
good luck homies
RSI is heading south to overbought area, also .50% fibo retracement smack at the support area , and EMA 50 is getting close to the price as you know this moving average is a dynamic support and resistance .
If you want to take the trade from this levels it could yield around 100 pips to 90.25 as a TP
PS. all yes pairs are highly correlated to USD/JPY 0.24% so if the greenback keep the pressure yen will be weak against all currencies, but if UJ drop this trade will probably gonna fail..
good luck homies