Hi Traders!
USDJPY is approaching the 150.00 psychological level for the first time this year as the US dollar's strength continues.
Here are the details:
The trendline support on the 1W timeframe has held perfectly, and the market swings with higer highs and higher lows continues. The market has also broken above the 20 EMA this week, and we are looking for a close above it to continue the bullish momentum.
The plan here is to buy dips near the 20 EMA if possible to target the 150.000 psychological level.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance 1: 150.000
Resistance 2: 151.946
Support: 143.424
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDJPY is approaching the 150.00 psychological level for the first time this year as the US dollar's strength continues.
Here are the details:
The trendline support on the 1W timeframe has held perfectly, and the market swings with higer highs and higher lows continues. The market has also broken above the 20 EMA this week, and we are looking for a close above it to continue the bullish momentum.
The plan here is to buy dips near the 20 EMA if possible to target the 150.000 psychological level.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Resistance 1: 150.000
Resistance 2: 151.946
Support: 143.424
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
