ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor USD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 149.505, 149.893, 150.652
Key Support Levels: 148.241, 147.690, 147.089
Daily Chart:
The price on the higher time frame has recently been in an uptrend after it tested a major support level of 140.821 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
USD/JPY Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 147.089 and 147.690 with good momentum. As of now the pair has broken and retested a minor level of 148.241 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 148.772
TP @ 149.363
Stop Loss @ 148.181
Trade Safely 🙂
