Hey traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 135 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Price has confirmed a bullish momentum breaking the previous high. Price is testing the 23.6% retracement levels now at 136.671 and is failing to break level. We are looking at price testing the 137.636 level where the 78.6% fibonacci retracement and 161.8% extension sits. If bullish momentum continues, it will bring the price to 139.397 where the swing high sits- great analysis! check ours here