USD/JPY:
Our expectations: Ascending medium-term movement is in effect, correction to support levels and new signal for possible new upward movement, long with stop at 112.95
Alternative Scenario: Passing the price below 112.95 will signal a possible changing the bullish formation. Pay attention there to see if the price goes under the cloud.
Comment: Upward movement
Correction to support levels 50 EMA
Price above the cloud of Ichimoku, a blue line above the red - beating formation
Price action - engulfing bar
CCI (50) above 0, CCI (14) passes above -100
Stefan D. Angelov - Head of Stocks Trading
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