ElenaMayi

USDJPY Preparing for new levels

Long
ElenaMayi Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY

The 1H chart shows that the USDJPY will move between 154.635 and 155.210 for today. The possibility of reaching 155.210 is confirmed if the price continues to trade above the support line of 154.861. Because 4H candle has closed above this level so far, this increases the chances of a rise. However, a fall below 154.861 will trigger negative movements between 154.861 and 154.635.

Tendency: Long 154.635.
Target station: (155.210, 155.500, 155.800).
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Comment:
The price reached our target of 155.210 and was above it. Trading above 155.500 will uptrend until 155.800, and also above this to 156.200. Now we have a correction until 155.500.


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