U.S. Dollar / Japanese YenUpdated USD/JPY bullish scenario, will it go to 143?
Dear traders, USD/JPY is getting some support from the dynamic
support in the 4Hour chart. As long as price stays above the EMA,
there is a likelihood of uptrend continuation
You can also see the formation of a triangle pattern in the chart. If
USD/JPY manages to break through the upper trend line of the
triangle, then we can see the next leg of bullish move.
However, 140.80 is a key level that can offer strong resistance. Either way,
you must follow the price action closely before executing your trade.
support in the 4Hour chart. As long as price stays above the EMA,
there is a likelihood of uptrend continuation
You can also see the formation of a triangle pattern in the chart. If
USD/JPY manages to break through the upper trend line of the
triangle, then we can see the next leg of bullish move.
However, 140.80 is a key level that can offer strong resistance. Either way,
you must follow the price action closely before executing your trade.
Note
Price is now close to touching the dynamic support once again. Stay tuned
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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.
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.