SharkTrader1990

UJ struggles to get out of a STRONG resistance zone

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
As UJ broke out of the resistance zone of 109.800, it has made a small bullish gain to the 110.350 resistance area as you see on the daily. As the day is coming to an end we can see the candle is becoming into a bear hammer which shows the buyers are still showing some strength to keep going up. As we zoom out to the weekly it does show the 100 EMA, where it sits right near the 110.350 area. If this breaks out, it might continue upward to the 111.500 area as we see it as a good price range if you look at your left. Currently waiting for this retrace and hop on the bulls side for this to the 111.500!

LONG TERM PLAN... If you look at the monthly with the ichi, it's inside the cloud and as my prediction, the cloud will spit it back down as it also shows a sumo twist of the bears coming back in control.

As always traders lets have a bullish lifestyle and catch these pips!
#BullishLifestyle
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