USD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 113.570, 113.839, 114.104.
Key Support Levels: 113.238, 112.990, 112.751.
1-Hr Time Frame:
The price on the higher time frame is in a clear upward movement where a series of higher highs and lows has been posted. We can notice that the trend left the first leg up and now we are at the end of the 2nd correction.
USD/JPY Medium-Term Trend: Bullish
15-Mins Time Frame:
On the lower time frame, the market succeeded to break the bullish flag to the upside after the price found buyers around the 61.80% Fibonacci retracement level. A lower correction could be seen before a new impulsive wave toward the target profits.
Buy Limit Order @ 113.225
TP 1 @ 113.547
TP 2 @ 113.839
Stop Loss @ 113.065
Trade Safely 🙂