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Austinet24
Feb 5, 2021 10:34 AM

USDJPY Finding Way to break Resistance. Long

U.S. Dollar/Japanese YenFXCM

Description

USD/JPY Intraday Bullish

Pivot point: 105.36

Resistance level 1: 105.76 Resistance level 2: 105.95 Resistance level 3: 106.35

Support level 1: 105.17 Support level 2: 104.77 Support level 3: 104.58

Comment: USDJPY soared and broke above all resistance level. If the bullish sustains, then the pair might push to the resistance of 105.76 and extend further to 105.95. However, if the bear strikes then the pair could fall to 105.17 and possibly break the second support level of 104.77.
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