USDJPY: Back to 1990's ๐บ๐ธ๐ฏ๐ต
https://www.tradingview.com/x/sWosI6xm/
152.0 key horizontal resistance kept absorbing bullish
pressure for almost 2 years.
This week, with the release of CPI data, that structure was broken
and the market set a new very important higher high.
The next historical structure that we can find is based on the price
action in 1990th.
159.0 - 160.0 resistance cluster is the next, closest key resistance.
A recent bullish breakout opens a potential for a further bullish continuation to that
psychological structure.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
152.0 key horizontal resistance kept absorbing bullish
pressure for almost 2 years.
This week, with the release of CPI data, that structure was broken
and the market set a new very important higher high.
The next historical structure that we can find is based on the price
action in 1990th.
159.0 - 160.0 resistance cluster is the next, closest key resistance.
A recent bullish breakout opens a potential for a further bullish continuation to that
psychological structure.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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