USDJPY LONG 4HOUR TIME FRAME
We have a nice support and resistance line set where it has struggled to break through multiple times you can also see its in an ascending channel which indicates it will come back up to touch the resistance line. It has tried to break the support multiple times and kept bouncing back off it has now had a nice bullish candle which indicates it is going up. I would like to see it retrace all the way back to the resistance line. This is a simple but beautiful set up!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.