the5erstrading
Long

Will USDJPY Continue The Bullish Momentum

FX:USDJPY   U.S. Dollar / Japanese Yen
Usually, when the price is in bullish momentum, the only thing that can stop this momentum is a strong supply level with a massive amount of unfilled orders, on a daily chart on USDJPY , we can see that the next fresh supply is only at 113.00 zones, therefore, I believe that in the long terms the price tends to reach there and for that reason I’ll look for a Continuation level to join this momentum, the demand below seems like a great demand for buy position as a continuation trade, it is also 0.382 Fibonacci level, the combination of These two reasons creates a great opportunity for buy position, I’ll at 0.382 Fibonacci level, and my final target will be 113.00 zones,

The 5%ers is a Funded Trading & Growth Program where we bring the capital and you bring your trading skills.

Join us today on https://the5ers.com and see how far we can take you!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out