Hi traders:
We have a nice potential long term entry on USDJPY's weekly chart. We can see the price action pullback to a nice support area around 110.00 and 38.2%. If we see price action breaks out of the resistance trend line, we can potentially see a strong bullish momentum up to the recent weekly high around 118.00.
i will update any potential long trade opportunities on the intraday charts.
Thank you for your support and feedback.
We have a nice potential long term entry on USDJPY's weekly chart. We can see the price action pullback to a nice support area around 110.00 and 38.2%. If we see price action breaks out of the resistance trend line, we can potentially see a strong bullish momentum up to the recent weekly high around 118.00.
i will update any potential long trade opportunities on the intraday charts.
Thank you for your support and feedback.
Comment:
Approaching resistance trend line now, lets see if the price action will break out, then we can find an entry on the lower time frame.
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