USDJPY: Will We Go Higher? 🇺🇸🇯🇵

Long

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

OANDA:USDJPY U.S. Dollar / Japanese Yen

parallelchannel trendline elliottwaves usdjpy usdollar usd dollar yen japaneseyen forecast trading

Update for USDJPY.

Earlier, we have spotted a confirmed breakout of a falling parallel channel on a daily.
The price has nicely respected the underlined blue zone that we considered to be the buy zone.

The price bounced from that and set a new local higher high higher close.

I will expect a further bullish continuation.
Next resistance - 134.5

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USDJPY: Will We Go Higher? 🇺🇸🇯🇵

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