USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long.Buyers liquidation on the back of strong bullish trend. (A big player collects the position)
In general, both technically and fundamentally, the situation remains unfavorable for the Japanese yen. The national currency may continue to weaken and thus test the current ATH.
False breakdown of trend support brings the price back to the range of 155.95-157.23. Possible retest of resistance with the subsequent breakout and growth to the far liquidity zones.
Resistance levels: 157.23, 158.44
Support levels: 155.95, 154.77
The bulls should hold the defense above 155.95 with the aim to continue rising. The intermediate key point is 157.23 with the possibility of further breakout and growth.
Regards R. Linda!
Note
Consolidation above the key support is forming. Closing of the session will determine the short- and medium-term potential for traders
Trade closed: target reached
Target 1 reachedNote
A break of 157.235 will continue the momentumNote
Pre-breakout consolidation is formingPossible breakout of 157.23
Trade active
Resistance retest with a breakout targetNote
A breakthrough is formingTrade active
Consolidation is forming above 157.23. If the bulls hold this area, further 158-160
Trade active
Breakout of key resistance. the first target will be reached soon
Trade active
The resistance at 158.44 has been tested. We are waiting for a breakthrough and further growthTrade closed: target reached
Target 2 reachedTrade active
After breaking through resistance, the currency pair is actively going upwards on the background of a weak yenTrade active
There's not much left to the goal...
We continue to hold
Trade closed: target reached
160.21 reached!
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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
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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.