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USDJPY is extending the long term rally.

Alış
FX_IDC:USDJPY   ABD Doları / Japon Yeni
The USDJPY pair is trading inside a Channel Up since the January 16th market bottom.
The last Higher Low wasn't only supported at the bottom of the Channel but also the MA100 (1d) and Fibonacci 0.618 level.
This is what happened on the August 2nd 2022 Low, when the pair was again trading inside a long term Channel Up.

Trading Plan:
1. Buy on the current market price.
2. Buy if a (1d) candle closes above Resistance 1 (152.000).

Targets:
1. 152.000 (Resistance 1).
2. 156.000 (-1 Fibonacci extension like on the October 21st 2022 High).

Tips:
1. The RSI and MACD (1d) also show remarkable similarities with the 2022 fractal. The Fibonacci symmetry is strong indicating that both of our targets are well placed.

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