The USDJPY has broken outside of a long-term trendline, as well as a strong resistance zone around 130.500, and momentum has continued with a recent break of the 133.000 handle. As a result, I believe there is further potential for upside momentum to around 134.500.
Note
If you missed the trade and are looking for another chance to enter, or if you want to re-enter the trade, it may be worth keeping an eye on this area.
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✅ YouTube: youtube.com/@natronfx
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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.
✅ Discord: discord.gg/qZx4vMcchy
✅ My Site: natronfx.com
✅ Twitter: twitter.com/natronfx
✅ YouTube: youtube.com/@natronfx
✅ TikTok: tiktok.com/@natronfx
✅ My Site: natronfx.com
✅ Twitter: twitter.com/natronfx
✅ YouTube: youtube.com/@natronfx
✅ TikTok: tiktok.com/@natronfx
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.