HelenP. I USDJPY trades in channel and can continue to rise
Hi folks today I'm prepared for you JAPANESE YEN analytics. For some time the price moved in the local uptrend, reached the resistance zone 137.10-137.50 and after a slight correction, tried to break through it, but failed to fix higher. Japanese Yen turned around, began to fall and broke through the level 133.70. The price reached the support zone 130.20-129.65, where it completed the downward local trend and began to grow. Over time, the Japanese Yen created an ascending channel inside which it is now traded. After a re-test support of channel, the price increased, broke through the current resistance at level 133.70 and continued to move up. Recently, the price made a downward correction and re-tested the level 133.70. Now the price is trading above support and may continue to rise. It seems to me that the Japanese Yen may continue the local uptrend and grow to the resistance of the channel. Therefore, the goals will be set at level 134.50 and at level 135.80, which corresponds to the resistance of the channel. If you like my analytics you may support me with your like/comment ❤️
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