USD / JPY: Our expectations: Possible increase after breakthrough of diagonal resistance and absorbing bar, stop 110.50
Alternative scenario: Any drop in the price below 110.50 will break the bull formation.
Comment: Breakthrough of diagonal resistance with strong bullish absorbing bar - force of movement
Trend confirming formation for long if the price goes above 111.70
New absorbing bar - bull signal
CCI(50) over 50, DeM is pointing up
Fake breakthrough under 109.10 and price over the maximum of 110.28 bar
Stefan Angelov - Head of Stocks Trading
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