USD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 115.55, 115.97, 116.35
Key Support Levels: 114.45, 114.13, 113.47
The price on the higher time frame has recently touched a support point and bounced back from there. Price has also crossed the upper resistance zone and sustained above that. With the dollar picking up momentum, we should see a good move in this pair.
USD/JPY Medium-Term Trend: Bullish
On the lower time frame, the pair has recently shown a good bullish move after breaking a consolidation zone. Price also confirms the major trend and is moving in the same direction.
Buy Limit Order @ 114.82
TP 1 @ 115.50
TP 2 @ 115.81
Stop Loss @ 114.49
Trade Safely 🙂