Our analysis seems a bit contradictory—if the USDJPY market is moving bullish, a resistance at 141.500 would typically be below the entry at 142.500, and therefore act more like a support, not resistance.
Here's a clearer version of the analysis:
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USDJPY Analysis (Bullish Outlook):
Entry: 142.500
Targets:
TP1: 143.500
TP2: 144.500
Support (Not Resistance): 141.500
(Previously a resistance, now turned support as price moves higher)
Market Bias: Bullish, with higher highs indicating potential continuation to upper targets.
Here's a clearer version of the analysis:
---
USDJPY Analysis (Bullish Outlook):
Entry: 142.500
Targets:
TP1: 143.500
TP2: 144.500
Support (Not Resistance): 141.500
(Previously a resistance, now turned support as price moves higher)
Market Bias: Bullish, with higher highs indicating potential continuation to upper targets.
Trade active
USDJPY TARGET SUCCESFULL GUYS 144.500
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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.