Take a look at the price movement of USDJPY chart. The price successfully surpassed a significant horizontal resistance level and closed above it on a shorter-term chart.
Following the breakout, the price underwent a corrective movement on a 4-hour chart, forming a bullish flag pattern.
As the New York trading session began, the market managed to break its resistance level, indicating a high likelihood of further growth. The target price to watch for is 149.37.
Following the breakout, the price underwent a corrective movement on a 4-hour chart, forming a bullish flag pattern.
As the New York trading session began, the market managed to break its resistance level, indicating a high likelihood of further growth. The target price to watch for is 149.37.
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Join our Telegram channel for daily market update 👇👇
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t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.