USDJPY BULLISH ANALYSIS
USD/JPY Intraday Bullish
Pivot point: 103.96
USDJPY succeeded to rebound and broke all resistance, now experiencing a strong bullish trend. If the bullish sustains, then the pair might recover to the resistance of 104.34 and extend further to 104.57. However, if the bear strikes then the pair could fall to 103.73 and possibly break the second support level of 103.35.
Resistance level 1: 104.34 Resistance level 2: 104.57 Resistance level 3: 104.95
Support level 1: 103.73 Support level 2: 103.35 Support level 3: 103.11
Pivot point: 103.96
USDJPY succeeded to rebound and broke all resistance, now experiencing a strong bullish trend. If the bullish sustains, then the pair might recover to the resistance of 104.34 and extend further to 104.57. However, if the bear strikes then the pair could fall to 103.73 and possibly break the second support level of 103.35.
Resistance level 1: 104.34 Resistance level 2: 104.57 Resistance level 3: 104.95
Support level 1: 103.73 Support level 2: 103.35 Support level 3: 103.11
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.