USD/JPY Trading Analysis (02/06/2025)
Bears have tested the support level at 143.30. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 143.30.
- Price targets are 144.45 and 146.00.
#usdjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
