Hello friends. Here is our analysis on USDJPY
. The support and resistance
marked are of D1. The pair is moving in that zone for a pretty long time. After hitting the support area
the pair started to move upwards towards the resistance level
. Also if you notice the black lines we can see that the pair made a new higher high while not breaking the previous higher low. So as per our analysis the pair will continue the pattern till kit reach the resistance which is at 112.000.
Let us know whats your view on this.