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Mhangwane1
Apr 11, 2024 10:22 AM

UJ Long

US Dollar vs Japanese YenPepperstone

Description

Still holding a buy, moved SL in profit. With the current price movement we might get stopped out.

DAILY
151.90, we finally broke and closed above. We are now either waiting for the further bullish push up or the retest so we can enter on the continuation. This is the highest price UJ has been peaked at, so we know the dollar is doing quite well.

4H
152.80 gave us a form of support and we have been going up. Yet we wait and watch as it could shoot up and create new supports or breakdown to retest old resistance as supports.

1H
We are seeing a test candle which is a form of reversal so stay watching for that. 152.80 is our support for either a breakdown or reject and shoot up.

15Min
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