USDJPY: Key Resistance Ahead ๐บ๐ธ๐ฏ๐ต
https://www.tradingview.com/x/rUcRNiCv/
This bullish rally on USDJPY is absolutely crazy.
This week, we saw an exceptional growth.
Analyzing the historical price action, I see
2 significant resistances ahead:
160.0 - 160.5 is the resistance based on a price action of 1990th.
164.1 - 164.5 is the resistance based on a price action of 1986th.
I believe that we may see a bearish reaction from one of those structures
and the price will stop growing there.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
This bullish rally on USDJPY is absolutely crazy.
This week, we saw an exceptional growth.
Analyzing the historical price action, I see
2 significant resistances ahead:
160.0 - 160.5 is the resistance based on a price action of 1990th.
164.1 - 164.5 is the resistance based on a price action of 1986th.
I believe that we may see a bearish reaction from one of those structures
and the price will stop growing there.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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