USDJPY approaching a triangle inflection point on the 1hr chart.
Notes:
USDJPY in an upward trend since mid Jan.
USD is fundamentally Bullish. JPY is Neutral/ Bearish.
109.74-109.84 zone is strong resistance structure with both a Down Trend and Horizontal Trend confluence. Two rejections since 26th March.
Action:
Alerts set on both sides
Awaiting price action to confirm direction of the break out.
Will seek; Candle to close outside of the triangle and a retest of support/ resistance before entry
USDJPY in an upward trend since mid Jan.
USD is fundamentally Bullish. JPY is Neutral/ Bearish.
109.74-109.84 zone is strong resistance structure with both a Down Trend and Horizontal Trend confluence. Two rejections since 26th March.
Action:
Alerts set on both sides
Awaiting price action to confirm direction of the break out.
Will seek; Candle to close outside of the triangle and a retest of support/ resistance before entry
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.