USD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 133.80, 134.16, 134.86
Key Support Levels: 133.21, 133.02, 132.73
The price on the higher time frame has been in an uptrend recently after it reversed from a support level of 130.69 It broke a resistance level of 131.82 and has continued to make higher highs which shows a bullish bias.
USD/JPY Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 132.73 and 133.02 and has sustained above that. As of now the pair has broken and retested a minor level of 133.21 before continuing the momentum.
Buy Stop Order @ 133.45
TP @ 134.01
Stop Loss @ 133.17
rade Safely 🙂