USDJPY
Timeframe: H4
Technical picture: The price has formed the "Reversal Head & Shoulders" formation in the upward movement launched since January 2019. We have a clear breakthrough breakthrough at 111.7 as of 12.04.2019 through the Hong Kong Session.
Indicators: The price is over 50-DMA, 100-DMA and 200-DMA that supports the upward scenario.
DeM (14): in an overbought zone and does not give clear indications of purchases.
Entry: Aggressive entry from current prices, with more conservative traders waiting for a "neckline retest"
SL: 109,800
Alternative Scenarios: If the price moves under the support of sliding average bullish scenarios remains questionable and there is a high probability of entering a "range" market.
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