USDJPY | Get ready to buy | Buy Opportunity

FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of USDJPY , I think we are going to see an upward movement. Now price is staying near a support as well as a demand area, which would help the price to get pass the above resistance areas move towards 113.890; which is a supply area. From there we could expect a sell. If you are going to go long now, make sure to place the stop below the previous support area .

What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.

Good Luck!

This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.