USD/JPY - Bullish Trend Continuation
This morning, the focus is on the Dollar-Yen pair. The bullish trend is evident across all timeframes. Yesterday, we observed a strong break of the reversal structure at 161.269 after reaching a momentum high of 161.95. This break is crucial for the continuation of the bullish trend. Following the break, a bullish pattern has formed, and the price has moved into the Fibonacci buy zones of the initial move. Given this setup, the high probability action is to buy or do nothing above 161.57.
Stop Loss: 161.14
Target 1: 162.35
Always think in probabilities.
Stop Loss: 161.14
Target 1: 162.35
Always think in probabilities.
Feragatname
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