USD/JPY Trading Analysis (18/07/2024)
The general trend is ascending. The downward inner truncated wave structure has finished. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Buy at the breach of 156.590.
- Stop-loss at 155.360.
- Price targets at 158.200 and 161.730.
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