USD-JPY Daily and Trend Analysis
USD-JPY Daily and Trend Analysis
The gopher bullish penant consolidation continues, approachng its apex but with more favoritism to the bulls. On the Daily we could see the solid price rejection of the bulls around the support level of 105.200 (It could be seen much clearer on the H4 chart)
Traders and investors are closely watching and waiting on this, as a breakout above the 106 price mark should send the market spinning for a 400-500pips rally.
❇️ Trend Resistance R1: 106.100
🛑 Trend Support S1: 104.000
The gopher bullish penant consolidation continues, approachng its apex but with more favoritism to the bulls. On the Daily we could see the solid price rejection of the bulls around the support level of 105.200 (It could be seen much clearer on the H4 chart)
Traders and investors are closely watching and waiting on this, as a breakout above the 106 price mark should send the market spinning for a 400-500pips rally.
❇️ Trend Resistance R1: 106.100
🛑 Trend Support S1: 104.000
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