FirstNameHelen

HelenP. I USDJPY may continue to rise and reach resistance zone

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi folks today I'm prepared for you JAPANESE YEN analytics. After a rebound from the level of 130.65, the price continued to rise and has been trading in an uptrend for a long time. The Japanese Yen, after a downward correction, and re-tested the trend line, continued to grow. Having achieve mark 135.15, the price began to decline and approached the trend line, but without testing the trend line, it continued to move up, and forming the resistance zone 137.35-137.75. Subsequently, the Japanese yen began to fall and declined to the trend line, from which it rebounded, continued to rise and create Elliott waves. After completing the 1st wave at the level of 135.50, the price made a correction (2 wave) and tried to break through the trend line, but did not fix below and continued the uptrend. Forming the 3rd impulse wave, the Japanese Yen broke through the zone 135.30-135.70 and made a correction (4 wave). Recently, the Japanese Yen tested the current support zone and continued the uptrend. Currently, the price is trading in the 5th impulse wave and may continue to rise and achieve the resistance zone. Therefore, the goals for the Japanese Yen will be set in zone 137.35-137.75. If you like my analytics you may support me with your like/comment ❤️

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