USDJPY
Time Frame H4
Technical Analysis: The price has formed trend continuing formation "Diamond" after bulls momentum breaches the downtrend channel formed on 19.07.2018; the price formation has been activated after successful test of 50% Fibo support and downtrend line at 110.80.
Indicators: The price is above 50,100 and 200 SMA strong support of bullish momentum.
DeM(14): Doesn`t gives any signal for buy
Enter: Aggressive enter at current levels around 111.40; conservative one is at lower levels at 111.15-25
SL:110.950
Alternative Scenario:If the price drops below 110 the "Diamond" will be violated and we can see possible retest of bear trend channel and strengthening the global economy risk.
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