Our expectations: USD/JPY break the diagonal resistance and stays on top of it, currently allowing long positions with short stop. Possible FLAG formation from a large schedule of active graphs - enabled
Alternative Scenarios: Passing the price below 113.00 will return the price below the diagonal and change attitudes to short.
Commentary: JPY remains weak due to increased risk appetite in the stock market. The dollar remains strong due to an increase in the likelihood of interest rates in the United States in June.
50SMA over 200SMA - Positive placement of the average, confirming the upward trend.
CCI(50): passes over 100 - positive price signals.
Stefan D. Angelov - Head of Stocks Trading
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