USD/JPY Trading Analysis (26/06/2025)
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The upward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition..
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the descending, truncated structure.
- Stop-loss at 144.50.
- Price targets are 146.20 and 147.50.
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