USDJPY Short-term buy signal

The USDJPY pair hit our early September target (see chart below) of 150.00, extending the bullish trend within the long-term Channel Up:


The price remains above the 1D MA50 (blue trend-line) since July 31 and the bullish flag formed on the 1D RSI indicates that we will have another short-term bullish leg towards the top (Higher Highs trend-line) of the Channel Up. We targeting 153.000 (+3.95% rise from the recent Low, similar to the previous leg).

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