USDJPY; RETEST AND CONTINUATION HIGHER!
HELLO TRADERS
Before we talk about USDJPY lets first take a look at the dollar index DXY
DXY is currently retesting a strong support @ 101.3 and we expect a reaction higher, a bullish DXY indicates a bullish USDJPY
(DXY chart below)
USDJPY has been bullish and respecting an ascending channel, broke above resistance and currently retesting a confluence of both the strong resistance and the channel @ 134.8
we expect a continuation higher
our targets will be, the previous highs @ 137.8 and the next resistance @ 138.9
BREAK BELOW 133.5 WILL INVALIDATE THIS IDEA
GOOD LUCK
Before we talk about USDJPY lets first take a look at the dollar index DXY
DXY is currently retesting a strong support @ 101.3 and we expect a reaction higher, a bullish DXY indicates a bullish USDJPY
(DXY chart below)
USDJPY has been bullish and respecting an ascending channel, broke above resistance and currently retesting a confluence of both the strong resistance and the channel @ 134.8
we expect a continuation higher
our targets will be, the previous highs @ 137.8 and the next resistance @ 138.9
BREAK BELOW 133.5 WILL INVALIDATE THIS IDEA
GOOD LUCK
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.