FirstNameHelen

HelenP. I USDJPY can break resistance and continue to grow

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi folks today I'm prepared for you JAPANESE YEN analytics. At the beginning of last month, the price could not fix above the resistance zone 136.95-137.70 and began to decline. Over time, the Japanese Yen created a downward channel and continued to decline. After reaching the level 129.75, the price formed a support zone from which it began to move up and broke through the resistance at the level 132.20. Japanese Yen continued to rise, but not gaining a foothold above the level 133.50, the price dropped and re-tested current support. The price is currently trading above the level 132.20 and may continue to rise and break through resistance at level 133.50. It seems to me that after a possible breakdown of the resistance level, the price may continue to move up. Therefore, targets for USD/JPY will be set at levels 133.50 and 134.65. If you like my analytics you can support me with your like/comment ❤️

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