Usdjpy technical analysis:
h1 chart: price is above 200 hour sma and has tested a support zone (highlighted in orange) that corresponds at 0.382 fibonacci retracement from the last impulse.
The pair is in a general uptrend in bigger timeframes as h4 and daily.
There are good chances that usdjpy can push higher towards the main resistance, already tested two times.
Pay attention to news of tuday on pending home sales and durable good orders for USA.
Use a proper money management
h1 chart: price is above 200 hour sma and has tested a support zone (highlighted in orange) that corresponds at 0.382 fibonacci retracement from the last impulse.
The pair is in a general uptrend in bigger timeframes as h4 and daily.
There are good chances that usdjpy can push higher towards the main resistance, already tested two times.
Pay attention to news of tuday on pending home sales and durable good orders for USA.
Use a proper money management
Trade active
The trade is open :BUY 115.355
TAKE PROFIT: 116.338
STOP LOSS: 115.04
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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.