USD/JPY - Trendline Breakout with Potential Buy Opportunity
"USD/JPY has just broken out of a trendline resistance. I have identified a green zone as a support level below. My idea is that if the price pulls back to this support zone, we could see buyers step back in, offering a strong opportunity to go long and push the price higher. Waiting for confirmation of a bounce in this zone before entering a long position.
WiVERIDERS
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WiVERIDERS
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.