USDJPY is emerging from local consolidation in hopes of seeing economic data that could support the dollar. The target for this movement could be the liquidity zone at 144.00.The currency pair is trading within a neutral range of 144.14 - 141.64. However, a local consolidation has formed within the range, from which the price has broken out. The main task for the bulls is to hold the defense above 142.75, in which case we will be able to catch the price distribution to the upper border of the global range of 144.14.
News ahead, positive data may strengthen the dollar, which will accordingly affect USDJPY, but there is strong resistance at 144.14, whose liquidity pool may trigger a downward rebound. The trend is neutral.
Resistance levels: 143.9, 144.14
Support levels: 142.75, 141.98
There are no reasons to exit the global range. Over the past two weeks, this will be the first retest of the 144.14 zone, which in general only increases the chances of a false breakout and correction.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.