InvestMate 💱 USD/JPY Strong breakout 💱

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💱 USD/JPY Strong breakout

💱 Nearest strong support zone: around recent lows.

💱 Nearest strong resistance zone: around the 0.236 fibo level of the downward wave .

💱 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Uptrend

📊 RSI: Uptrend

💱 USD/JPY Finally breaks out to the upside after a long period of uncertainty. It looks like we can already talk about another new wave of strengthening of the US dollar. Looking at the breakout that took place from around the 128 levels, it looks like we can talk about a third wave of growth, which should be larger in scope than the first. Looking at the dynamics, I expect to reach the first resistance zone without any problems.

📉 The scenario I'm playing is the continuation of growth to the first resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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