USDJPY/ Toward 155.06
Generally, the direction is uptrend
Uptrend Side: The price has reached the upper boundary of the resistance zone at 157.63. A breakout above this level is required to continue upward movement. Subsequently, the price will encounter the trendline of the progress channel. A confirmed breakout of the channel, marked by the closing of a 4-hour candle, would likely propel the price toward 159.24.
Downtrend Side: A strong barrier is in place, potentially driving the price downward toward 156.01. Currently, the price is trading below the resistance level of 157.63. Additionally, the channel barrier serves as a significant obstacle, likely exerting further downward pressure if the price comes into contact with it.
Tendency Keys: 157.63
Uptrend Side: The price has reached the upper boundary of the resistance zone at 157.63. A breakout above this level is required to continue upward movement. Subsequently, the price will encounter the trendline of the progress channel. A confirmed breakout of the channel, marked by the closing of a 4-hour candle, would likely propel the price toward 159.24.
Downtrend Side: A strong barrier is in place, potentially driving the price downward toward 156.01. Currently, the price is trading below the resistance level of 157.63. Additionally, the channel barrier serves as a significant obstacle, likely exerting further downward pressure if the price comes into contact with it.
Tendency Keys: 157.63
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.