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Technical oscillators supporting the bullish trend for*the USD/JPY currency pair

Published 11/04/2008, 07:00 PM
Updated 04/25/2018, 04:40 AM

USD/JPY – Market strategy is*bullish, buying from the 98.50 level

USD/JPY-market strategy can be a buy from the level 98.50
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bullish crossover above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line.

 

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