USDJPY - Can bullish momentum continue?
PAIR IN FOCUS: USDJPY
BIAS: BULLISH
HORIZON: SHORT TO MEDIUM-TERM
Price is in a short-term uptrend and the bullish momentum may continue. We could see price retest the zone which confluences with the ascending trend line. Look for bullish price action before any long entries. A retrace to the zone would offer a good R:R for this trade. Target zone is a nearby structure zone.
Let's see how this works out, Cheers!
BIAS: BULLISH
HORIZON: SHORT TO MEDIUM-TERM
Price is in a short-term uptrend and the bullish momentum may continue. We could see price retest the zone which confluences with the ascending trend line. Look for bullish price action before any long entries. A retrace to the zone would offer a good R:R for this trade. Target zone is a nearby structure zone.
Let's see how this works out, Cheers!
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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.
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.