The USDJPY after reaching its multi-year high of 151.94 and against the background of weakening fundamentals has locally changed its trend. The Japanese Yen has strengthened, but now the price shows the reasons, which might weaken the Yen again.
On the chart I marked a price channel (bearish) and today there is a breakdown of the channel resistance and price consolidation above the 136.708 level (and above the previously broken channel boundary)
With the final fixation of the price above the line we may see growth. Short term target is resistance 139.38, medium term target is liquidity area 142.25
Regards to R. Linda!
On the chart I marked a price channel (bearish) and today there is a breakdown of the channel resistance and price consolidation above the 136.708 level (and above the previously broken channel boundary)
With the final fixation of the price above the line we may see growth. Short term target is resistance 139.38, medium term target is liquidity area 142.25
Regards to R. Linda!
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(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.