USDJPY 4H : Continue at the bullish trend
Updated
USDJPY
OUTLOOK
Trading in the dollar pair against the yen stabilizes around the level of 148.74, and we notice that the price is moving positively now, waiting for the price to be stimulated to resume the expected upward trend for the coming period, remembering that our next target is at 149.46.
The ascending channel provides continuous positive support for the proposed ascending wave, which will remain in effect provided that the price maintains its stability above the 148.74 level.
Additionally ,Today News will affect the market .
support line : 148.74 , 147.80
resistance line : 149.46 , 150.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Trading in the dollar pair against the yen stabilizes around the level of 148.74, and we notice that the price is moving positively now, waiting for the price to be stimulated to resume the expected upward trend for the coming period, remembering that our next target is at 149.46.
The ascending channel provides continuous positive support for the proposed ascending wave, which will remain in effect provided that the price maintains its stability above the 148.74 level.
Additionally ,Today News will affect the market .
support line : 148.74 , 147.80
resistance line : 149.46 , 150.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
USDJPYUPDATE
The price perfectly fulfills my last idea and price reached to our first target +80 pip.
as we expect the price will rise up and will reach to the 149.46 and already reached ,so to be continue at the bullish tendency first should stable above the 149.46 level and then will support the price to reach the second target which is 150.00.
for any reasons if price cant stable above that level the price will try to start a correction to 148.74 and then will rise up ,so the main condition to be continue aat the bullish tendency is stabilized above 149.46.
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