USDJPY 4HR BREAKDOWN
We spoke the other day that we could see some upside to the USDJPY after it came into key weekly support of 111.70 . Now looking to the 4hr timeframe we have a confirmed higher high after breaking out of trendline resistance. In a trending market we tend to see old resistance act as support and the market is currently testing the previous 4hr highs at 112.40. This a great area to look for further long trades on the USDJPY pair.
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.