USD/JPY Trading Analysis (19/11/2024)

The trend is ascending. The currency pair is trading in the range between 365 and 135 EMAs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals a bullish divergence too.

Trading idea:

• Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the desending truncated structure.
• Stop-loss at 153.810.
• Price targets at 155.800 and 156.720.

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