USDJPY WEEKLY OUTLOOK
Updated
Hi traders:
We have a nice potential long term entry on USDJPY's weekly chart. We can see the price action pullback to a nice support area around 110.00 and 38.2%. If we see price action breaks out of the resistance trend line, we can potentially see a strong bullish momentum up to the recent weekly high around 118.00.
i will update any potential long trade opportunities on the intraday charts.
Thank you for your support and feedback.
We have a nice potential long term entry on USDJPY's weekly chart. We can see the price action pullback to a nice support area around 110.00 and 38.2%. If we see price action breaks out of the resistance trend line, we can potentially see a strong bullish momentum up to the recent weekly high around 118.00.
i will update any potential long trade opportunities on the intraday charts.
Thank you for your support and feedback.
Note
Approaching resistance trend line now, lets see if the price action will break out, then we can find an entry on the lower time frame.
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