USD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 145.62, 146.29, 146.65
Key Support Levels: 144.39, 143.93, 143.21
The price on the higher time frame has been in an uptrend for quite some time and it has recently done a pullback. It found small support at the 141.41 level and has tested it a few times and bounced back which indicates a bullish bias.
USD/JPY Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price has been trading in a consolidation zone of 143.93 and 144.39 for some time after showing a good bullish run. It has now broken and retested the trading level of 144.39 before continuing the momentum.
Buy Stop Order @ 144.93
TP 1 @ 145.56
TP 2 @ 146.51
Stop Loss @ 144.30
Trade Safely 🙂