USD / JPY Bullish; Can it penetrate resistance?

USD / JPY Bullish; Can it penetrate resistance?

Preferences: BULLISH

Reference Area: 110.20 – 110.38 (search for BULLISH signal confirmation)

Support: 109.90, 110.20, 110.38

Resistance: 110.67, 110.97, 111.15


Daily bias of USDJPY movement is in BULLISH condition and currently the price is trying to test the resistance area. Beware of stochastic indicator is in potentially bearish condition. If USDJPY move down and hold strong at support 110.20 – 110.38 then look for confirmed BUY signal which there is potential price move back up towards resistance at 110.67 – 110.97. But if support at 110.20 penetrated that there is potential price will move down towards support at 109.90.

Related Search

author is a forex trading system website that started to be published since 2011 and has been used by thousands of traders around the world. The system is very simple and accurate, priced at $ 167 for a lifetime membership with no monthly fees or hidden fees. Our team created this system by testing thousands of indicators then selecting 23 indicators and combining them into one great trading system.
No Response

Leave a reply "USD / JPY Bullish; Can it penetrate resistance?"