USDJPY 240 falling SR as a support level - possible long

No clear trends that I can see here. But the firm resistance level shown in solid blue starting 24 June 2019 looks like it is providing support as shown. I will be looking for a break in the RSI and PA trendlines in support of a long trade.

Also note the support @ 26 Mar 2018 and 3 Jan 2019. If this support remains intact, this also indicates a long trade.

Yorum:

Well, after two weeks away, and now back to pick up the pieces of any open ideas….

Here’s the break above the RSI trendline (and the PA trendline too):

And subsequent long PA with a possible trade with a 1.3 RtR. Always tough to say after-the-fact, but like I said I am trying to close out old ideas.