USDJPY may bounce off the support area and rise
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Today we will look at the price of USDJPY.
I draw your attention to the graph, where we can see how the Japanese Yen tested the support area, and then bounced back.
Now the price is trading over the support area and can re-test this zone.
I expect that after a possible re-test of the support area, the price will increase.
In my opinion, the price can reach the level of 142.00 where I set our goal.
If the price rises to the resistance level, then it will be considered a double bottom pattern and I will update this idea for you.
I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits
Today we will look at the price of USDJPY.
I draw your attention to the graph, where we can see how the Japanese Yen tested the support area, and then bounced back.
Now the price is trading over the support area and can re-test this zone.
I expect that after a possible re-test of the support area, the price will increase.
In my opinion, the price can reach the level of 142.00 where I set our goal.
If the price rises to the resistance level, then it will be considered a double bottom pattern and I will update this idea for you.
I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits