USD/JPY:BUY From Consolidation Rectangle For A New LONG Setup
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USD/JPY Doesn't seem to lose power in your strong rally. The Consolidation Area. It frequently occurs after downtrends or uptrends and can be seen as a stretch of indecision. This Indecision follow usually with a continuation of the primary trend with the same impulse from where the consolidation comes from. In the last period, this approach for these pairs worked as manual trading teach. The RSI after a Fake Breakout in the Bullish side is definitely turned in the Long approach. The price is also supported by a Dynamic Support line that comes from the trendline and all the moving averages are following the price. All the clues are for a new Bullish impulse by USD/JPY.
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