USD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 0.92526, 0.92946, 0.93000.
Key Support Levels: 0.91958, 0.91754, 0.91000.
Daily Time Frame:
The price on the higher time frame is traded inside a parallel channel where now it is residing near the strong support level around the 0.91950 JPY mark. we expect that the market will be rejected from this are and pushed to the upside toward the resistance.
USD/JPY Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price failed to break the bespoke support where a consolidation has been posted under it. A lower correction could be seen to the highlighted zone before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 0.92008
TP 1 @ 0.92424
TP 2 @ 0.92526
Stop Loss @ 0.91814
Trade Safely 🙂