TheCryptagon

USDJPY Bullish extension signal

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FX_IDC:USDJPY   美元/日元
USDJPY is trading inside a Channel Up for almost a month.

It priced the last Higher Low on September 11th and now has established the price action over the 4hour MA50.

All Higher Lows have been met with a 4hour MACD Bullish Cross.

As a result this is an extension of the bullish Channel Up wave. Buy and target 148.500 (+1.79% rise as the wave prior).

Previous chart:


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