USD/JPY Trading Analysis (01/07/2025)

The currency pair is trading within the 365-135 EMA range. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold condition.

Trade idea:

• Buy when the ascending wave structure begins to form and wave A breaches the sloping channel of the descending, truncated structure.
• Stop-loss under the local minimum of the descending structure at 143.420.
• Price targets are 144.900 and 147.500.

#usdjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor