USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart.
Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its own life and practically does not react to the behavior of the US dollar, which starts the correction from a strong resistance. The trigger level for the Japanese Yen is 151.94, the break of this resistance will cause the formation of a strong bullish impulse. The structure will break when the support at 151.15 is broken, but not about that for now.
Resistance levels: 151.78, 151.94 Support levels: 151.15, 150.8
Technically and fundamentally, the Japanese Yen is weakening and will continue to weaken despite the change of actions of the central bank of Japan. The currency pair may renew the high in the medium term.
Regards R. Linda!
ملاحظة
The structure of the "price squeezing to resistance" setup is still in place at the moment. The structure will be broken when 151.44 and 151.0 are broken.
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On the back of bullish NFP, the price, after speculation, returns to resistance. It is necessary to follow the price reaction to the level of 151.786
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Maximum readiness :)
تم فتح الصفقة
تم فتح الصفقة
Oh, that's great. Price is breaking resistance
تم فتح الصفقة
+90 pips since resistance breakout Realization phase
أغلقت الصفقة: تم الوصول للهدف
Interim target 153.0 reached
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Closing of the session confirms the fact that growth will continue
تم فتح الصفقة
A breakdown of 153.25 may continue the price rise
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Consolidation and willingness to go above and beyond
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The target of 155.0 is almost reached ;)
تم فتح الصفقة
Overall, the potential remains. The pair still looks very bullish
ملاحظة
Correction amid dollar correction
تم فتح الصفقة
The price is close to the target of 155.0
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تم فتح الصفقة
ملاحظة
تم فتح الصفقة
Strong compression to resistance with the goal of going even higher
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