USD/JPY - Long
#trading_idea #USDJPY 💡
#USDJPY - Yen is Weak
On the 4-hour chart, there's a noticeable price squeeze towards the key level of 147.57. The pair is trading above the 50-period MA, while the RSI is above the 50 line, indicating a potential continuation of the upward movement, as confirmed by the Parabolic SAR. The yen fell against the dollar on Monday in calmer currency market trading after last week's volatility.
🔼We may see a break of the 147.57 key level, with a possible further rise to resistance 148.756.
🔽Otherwise, a slide to the support at 146.641 is likely. In case the pair will break down this level we may see the level 145.986.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
#USDJPY - Yen is Weak
On the 4-hour chart, there's a noticeable price squeeze towards the key level of 147.57. The pair is trading above the 50-period MA, while the RSI is above the 50 line, indicating a potential continuation of the upward movement, as confirmed by the Parabolic SAR. The yen fell against the dollar on Monday in calmer currency market trading after last week's volatility.
🔼We may see a break of the 147.57 key level, with a possible further rise to resistance 148.756.
🔽Otherwise, a slide to the support at 146.641 is likely. In case the pair will break down this level we may see the level 145.986.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
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