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Daily Forex Chart Art - Dec. 4, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    USD/JPY: 1-hour Remember that USD/JPY rectangle that we were looking at earlier? Well, it looks like the range has also survived yesterday’s volatility! The pair found support at the 122.30 area, a level that has held since mid-November. Not only that, but Stochastic is also currently on the bulls’ side with its oversold signal. A long position in this case could make for a good trade if you think that USD/JPY is headed back up to its range resistance. Like in the setup above though, a

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