TomProTrader

#USDJPY: Accumulation Forming, Upside Likely! #Forex

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FX:USDJPY   米ドル/円
10
Traders,

USDJPY has hit a support, followed by very compelling bullish reversal candles right at the bottom of the range. Price appears to be accumulating here, and expecting some great upside. There is a very nice Stochastic bullish divergence, as well as the higher low off the exuberant sell off, implying that bulls are inconspicuously buying positions in the dusk.

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