USD/JPY – D1, uptrend
Price under level of support.
Correction to 23.6% Fibonacci.
Price action: Pin bar is formed on support level – signal for probable rising. It’s good to wait the current bar to close for a signal approval.
Gold cross on 50 and 200 SMA.
Price above 50SMA.
Price above 200SMA.
DeMarker turns up below 0.3 – positive signal.
Alterntive Scenario: Break through the current levels of support could lead to deeper correction.