Current Price: 148.618
EMA (30): 148.545 (short-term trend)
EMA (200): 148.286 (long-term trend)
Resistance Zone: 149.233
Support Zone: 148.286
Analysis & Price Action:
The price is trending upwards, forming higher lows, indicating bullish momentum.
The price is above both the 30 EMA and 200 EMA, which suggests an ongoing uptrend.
A support level around 148.286 is holding, reinforcing a bullish bias.
Forecast & Trade Plan:
A potential breakout above the minor resistance could push USD/JPY towards the 149.233 target.
If price retraces, a bounce off 148.286 would present a buy opportunity.
If price breaks below 148.286, the bullish outlook weakens, and further downside may follow.
📌 Bias: Bullish towards 149.233
📌 Confirmation: Watch price action at support and resistance levels
📌 Risk Management: Consider stop-loss below 148.200 to protect downside.
Would you like further details on trade entry points?
EMA (30): 148.545 (short-term trend)
EMA (200): 148.286 (long-term trend)
Resistance Zone: 149.233
Support Zone: 148.286
Analysis & Price Action:
The price is trending upwards, forming higher lows, indicating bullish momentum.
The price is above both the 30 EMA and 200 EMA, which suggests an ongoing uptrend.
A support level around 148.286 is holding, reinforcing a bullish bias.
Forecast & Trade Plan:
A potential breakout above the minor resistance could push USD/JPY towards the 149.233 target.
If price retraces, a bounce off 148.286 would present a buy opportunity.
If price breaks below 148.286, the bullish outlook weakens, and further downside may follow.
📌 Bias: Bullish towards 149.233
📌 Confirmation: Watch price action at support and resistance levels
📌 Risk Management: Consider stop-loss below 148.200 to protect downside.
Would you like further details on trade entry points?
Trade closed: target reached
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Join my refrel broker link
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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.