USD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 109.21, 109.68, 111.36
Key Support Levels: 108.64, 108.34, 107.00
The asset on the daily time frame is in a clear upward movement by posting higher highs and lows. Recently, the price managed to break the bullish flag formation to the upside where expect it will continue its main direction to the upside.
USD/JPY Medium-Term Trend: Bullish
On the 4-hr time frame, the price is trading above the higher end of the bullish flag formation. A lower correction might be seen to the strong support level @ 109.21 USD, where expect to see the price to move upward by showing higher highs and lows.
Buy Limit Order @ 109.21
TP 1 @ 109.68
TP 2 @ 110.21
Stop Loss @ 109.01
Trade Safely 🙂
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