USDJPY market update
Trading recommendations
Support levels: 129.65, 129.12, 128.09, 127.08, 126.19
Resistance levels: 131.34, 132.37, 132.95, 133.23, 134.45, 135.88
From the technical point of view, the medium-term trend on the currency pair USD/JPY is close to changing to bullish. The price is trading above the levels of the moving averages but below the change in priority. The MACD indicator has become positive and indicates overbought. Buy trades are best considered after a slight correction from support levels of 129.65 or 129.12, but only with intraday confirmation. Sell deals can be looked for from the resistance level of 131.34 or 132.73 on the condition of a reverse reaction or false breakout.
Alternative scenario: If the price fixes above the resistance level of 132.73, the uptrend will be renewed with a high probability.
I SEND DAILY UPDATES ON ALL CURRENCIES ON MY PRIVATE MENTORSHIP HOPE IT HELPS 😉
Trading recommendations
Support levels: 129.65, 129.12, 128.09, 127.08, 126.19
Resistance levels: 131.34, 132.37, 132.95, 133.23, 134.45, 135.88
From the technical point of view, the medium-term trend on the currency pair USD/JPY is close to changing to bullish. The price is trading above the levels of the moving averages but below the change in priority. The MACD indicator has become positive and indicates overbought. Buy trades are best considered after a slight correction from support levels of 129.65 or 129.12, but only with intraday confirmation. Sell deals can be looked for from the resistance level of 131.34 or 132.73 on the condition of a reverse reaction or false breakout.
Alternative scenario: If the price fixes above the resistance level of 132.73, the uptrend will be renewed with a high probability.
I SEND DAILY UPDATES ON ALL CURRENCIES ON MY PRIVATE MENTORSHIP HOPE IT HELPS 😉
