USDJPY DAILY UPDATE SLIGHTLY BULLISH
hi all
The USDJPY failed to break through support at 130.342 and rally higher, testing the previous high at 130.908. So I'm interested to see if the USD CPI can overcome the resistance level.
If the resistance level is broken, I intend to remain long and target the next resistance level at 134.510. If USDJPY fails to break through previous resistance, it may fall back to new support at 130.342.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
The USDJPY failed to break through support at 130.342 and rally higher, testing the previous high at 130.908. So I'm interested to see if the USD CPI can overcome the resistance level.
If the resistance level is broken, I intend to remain long and target the next resistance level at 134.510. If USDJPY fails to break through previous resistance, it may fall back to new support at 130.342.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
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