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Skandhatrade

#USDJPY potential for moving buy-side!

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Skandhatrade  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns Forex forextradingzones USDJPY
7
0
trendanalysis harmonicpatterns chartpattern forex forextradingzones usdjpy
#USDJPY Price is trading in the demand zone and we got the price rejection and hammer candlestick formed once the price close the above trend line its possible to moving next resistance level 109.459

Why we like it:
price trading in demand zone
Hammer Candlestick Formation
Watch the trend line breakout
Touching 50 EMA

1st Resistance:
109.459
Next supply area & horizontal swing high resistance

2nd Resistance:
109.778
Next supply area & horizontal swing high resistance

1st Support:
109.067
Next demand area & horizontal swing low resistance
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