Hello, the USDJPY is moving toward important weekly support 101.00 in the triangle. And if the support breaks, we would see heavy descending USDJPY toward 95.00 area.
Alternative scenario: the price could pullback to 101.00 then move up to 118.70 and 124.00 resistance.
Alternative scenario: the price could pullback to 101.00 then move up to 118.70 and 124.00 resistance.
Trade active
the price is Rallyingwe are on the BUY side now
longing it to 124
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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.