USD/JPY Trading Analysis (16/06/2025)
The trend is descending. The currency pair is trading within the 365-135 EMA range. The downward truncated wave structure ended with the breach of the sloping channel. Bearish divergence is present on the Awesome Oscillator, and the Stochastic Oscillator's signals an overbought condition.
Trade idea:
- Sell when the descending wave structure begins to form.
- Stop-loss at 144.760.
- Price targets are 143.170 and 142.800.
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