USD/JPY Potential for Bullish Structure
I have been closely monitoring the movements of USDJPY, and it is clear that the pair has recently shown some signs of weakness. However, it appears that USDJPY may be in the process of forming a bullish structure once again. Based on my analysis, I believe that the price could potentially reach key resistance levels in the near term.
Additionally, there is strong support at the current price level, which could provide a base for the price to bounce higher. With these factors in mind, I anticipate that the price of USDJPY will continue to rise, potentially reaching key resistance levels on its way up.
Targets:135.800, 137
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
USDJPY
Additionally, there is strong support at the current price level, which could provide a base for the price to bounce higher. With these factors in mind, I anticipate that the price of USDJPY will continue to rise, potentially reaching key resistance levels on its way up.
Targets:135.800, 137
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
USDJPY