Long

HelenP. I Japanese Yen may rise to resistance zone

Hi folks today I'm prepared for you JAPANESE YEN analytics. A few weeks ago, the Japanese yen fell to the level 129.70, where it formed a support zone from which it rebounded and began a local uptrend. The price rose to resistance at level 133.80, re-tested it and fell to the trend line. The Japanese Yen continued to grow and re-reached a resistance of level 133.80, made a downward correction, after which it continued the uptrend, break through resistance and fixed higher. The price reached the next resistance at level 135.15, from which it decreased and re-tested the trendline. The Japanese Yen continued in an uptrend and recently broke through resistance. So, the price is currently trading above the level 135.15 and may continue the uptrend after a slight correction and test of current support. It seems to me that the Japanese Yen can continue to grow and reach the resistance zone. Therefore, targets will be set at level 136.50 and in resistance zone 137.30–137.90 with also corresponds Fibonacci level 1.618. If you like my analytics you may support me with your like/comment ❤️

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