USD/JPY breakdown.
Updated
Expecting Uj to reach 134.500 - 134.600 level before making any sudden movements from price action. Price could make another retest near 133.800 for another buying opportunity. Decisions that were made from the federal revere last week will cause the buyers to keep pushing the dollar (DXY) in long positions. Overall, Uj is slowly breaking the resistance area that it has tested multiple times throughout the beginning of the year along with a strong uptrend-line. Place stops in appropriate areas that are suited to your trading capital.
Note
London Session made the retest towards the 133.800 price level before making the move to 134.500. TP (Take Profit) was hit during the New York Session and trade setup was executed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.