Will USD/JPY go bullish again? Read analysis with key levels
Dear traders, USD/JPY is getting some support from the EMA in the 4Hour chart.
Price has rebounded after hitting the EMA.
You can also see the formation of a triangle pattern in the chart. If
USD/JPY manages to break through the upper trend line of the
triangle, then we can see the next leg of bullish move.
However, 140.80 is a key level that can offer strong resistance. Either way,
you must follow the price action closely before executing your trade.
Price has rebounded after hitting the EMA.
You can also see the formation of a triangle pattern in the chart. If
USD/JPY manages to break through the upper trend line of the
triangle, then we can see the next leg of bullish move.
However, 140.80 is a key level that can offer strong resistance. Either way,
you must follow the price action closely before executing your trade.