USDJPY is bearish on its 1D technical outlook (RSI = 41.212, MACD = -0.110, ADX = 47.052) but not only is the price making a rebound on the 1D MA200 but the 1D RSI is also staging a rebound from nearly oversold levels, much like it did on July 13th 2023. All this price action is taking place inside a long term Channel Up pattern, so this is a buy opportunity with significant upside potential. Our target is the top of the Channel (TP = 160.00).

See how our prior idea has worked out:

USDJPY: Start selling, Channel Up about to form its High.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##
Chart PatternsCurrenciesForexforextradingTechnical IndicatorsjapaneseyenjpyTrend AnalysisUSDUSDJPYusdjpytradingDJ FXCM Index

Telegram: t.me/investingscope
investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
גם על:

כתב ויתור