Skandhatrade

#USDJPY nearby support area potential for a rise!

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
#USDJPY Price is trading nearby the 4hr Support Area zone and waiting for any bullish candlestick formation and its will move to the next level resistance area

Why we like it:
Price Trading nearby in the 4hr support area
moving to the next resistance area
waiting for bullish candlestick confirmation


1st support:
108.981
Next Zone area & horizontal swing Low support

2nd support:
108.772
Next Zone area & horizontal swing Low support

1st Resistance
109.800
Zone area & horizontal swing high resistance

Disclaimer

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.