ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor USD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 147.728, 148.506, 149.052
Key Support Levels: 146.220, 145.412, 144.185
Daily Chart:
The price on the higher time frame has recently been in an uptrend. It tested a support level of 142.886 and bounced back. The pair has also broken 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 broke a resistance area recently to shift the short term trend to bullish. As of now the pair has broken and retested a minor level of 146.220 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 146.700
TP @ 147.595
Stop Loss @ 145.798
Trade Safely 🙂
This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.
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