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Austinet24
Jan 28, 2021 10:29 AM

USDJPY BULLISH ANALYSIS Long

U.S. Dollar/Japanese YenFXCM

Description

USD/JPY Intraday Bullish

Pivot point: 103.96

USDJPY succeeded to rebound and broke all resistance, now experiencing a strong bullish trend. If the bullish sustains, then the pair might recover to the resistance of 104.34 and extend further to 104.57. However, if the bear strikes then the pair could fall to 103.73 and possibly break the second support level of 103.35.


Resistance level 1: 104.34 Resistance level 2: 104.57 Resistance level 3: 104.95

Support level 1: 103.73 Support level 2: 103.35 Support level 3: 103.11
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