USD/JPY Trading Analysis (05/08/2025)
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward truncated wave structure ended with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Buy at the breach of 147.270.
- Stop-loss at 146.600.
- Price targets are 148.000 and 149.500.
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