Japanese Yen can make small correction and continue to rise
Hello traders, I want share with you my opinion about Japanese Yen. Watching the chart, we can see how the price has been moving up for a long time. After breaking through the resistance level 136.55, the Japanese Yen to rise and above created a resistance area 137.50-137.75 from which began to fall. The price declined, reached the support line and formed a buyer zone 133.90-133.50 after which it bounced, then re-tested it and continued to rise. Not so long ago, the price dropped, re-tested the buyer zone, but never updated the low (LL) the previous week, began to grow and broke of structure (BoS). Japanese Yen continued to move up, updated its previous high, and changed of character of price movement (CHoCH). I think the price can continue to rise and reach the resistance level. The Japanese Yen, after a small downward correction, can continue the upward movement and collect previously accumulated liquidity. So, I decided to set the target at level 136.55. Please share this idea with your friends and click Boost 🚀
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