USDJPY: Strong Support and Upward Trend
The price reached a strong support level and touched the ascending trendline. With a long-term upward trend, I expect further upward movement. It is worth examining the processes on lower timeframes and looking for entry points.
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The price moved as expected, reaching the first target. Now, we are observing whether it can break through the resistance.Trade closed: target reached
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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.