Recently, the USD/JPY has been trading downawrds. As I expected, the price tested the level of 108.13. Anyway, according to the 1H time frame, I found that there is a hidden bullish divergence on the oscilators and also a divergent bar. The price did break that up fractal, which is another sign of strength. The trend is still downward but I expect upward correction. Upward targets are set at the price of 108.80 and 109.35. The idea will be invalid if the price breaks the level of 108.13.
Trading recommendations for today: watch for potential buying opportunities.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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