4H USDJPY buyers setting sights on resistance retest?

6 May 2022

Hi, trading view community. Looking at the /J, the current 4-hour uptrend continues to trade above the range high, but the real test for us is above at 131.00.

Price looks to be struggling at this stage close to the European open. If we did see a new move back to and above 131.00, you would think that buyer momentum is back on track, and the current trend has further to run.

Today’s US employment figure could be a make or break after a very choppy two days of trade for the USD.

Good trading