We have seen a nice leap in price since my last update, blowing past the resistance of 127.330.
I am still bullish on USDJPY, but the price of 130.000 will be a big deciding factor. If the pairing continues past this price it will more than likely go onto to 134.000. If not we may see some drops.
Current Trading Range based on April 2002 day chart
Entry: 128.650
TP: 129.000 | 129.200 | 129.600 | 129.800 | 130.000
For more frequent updates be sure to like this post and let me know what you think in the comments.
I am still bullish on USDJPY, but the price of 130.000 will be a big deciding factor. If the pairing continues past this price it will more than likely go onto to 134.000. If not we may see some drops.
Current Trading Range based on April 2002 day chart
Entry: 128.650
TP: 129.000 | 129.200 | 129.600 | 129.800 | 130.000
For more frequent updates be sure to like this post and let me know what you think in the comments.
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Related publications
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.