As it can be inferred from the intraday timeframes, a nice ascending channel has been formed and the price has rejected the lower boundary of it. The same lower barrier nicely lines up with the area of previous resistance later turned support that is plotted on the graph.
We are expecting for the price to keep rising and reach the area of resistance that aligns with the upper barrier of the channel as illustrated on the chart.
You're bullish USDJPY and bearish EURUSD?! kinda contradictory, don't you think so?
TheNewsCrypto
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Great Effort
Solldy
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That's a great idea! In the current situation, an asset is not very predictable, so thank you very much for posting!
FOREXN1
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We are also LONG here, good idea !
YMGroup
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Clear usd.jpy post, thank you for your insights
Rockqet
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we have spotted a squeeze at the current price level waiting for a breakout confirmation. since trend has been in a ascending direction, we're looking at a potential breakout to confirm bullish momentum. check out our analysis