The USDJPY is now up another 1% since the previous post, taking it to 11%
from the breakout which occurred on Apr 11, 2022.
We see a clear pattern of higher highs and higher lows, indicating that a bullish
trend is in play and as long as this pattern continues, we are likely to see further
moves to the upside.
There are previous highs above price but we can ignore these as they were
formed over ten years ago and are not very likely to act as strong levels of resistance.
We currently have positions in play for this forex pair and will look to compound
if the trend continues.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
from the breakout which occurred on Apr 11, 2022.
We see a clear pattern of higher highs and higher lows, indicating that a bullish
trend is in play and as long as this pattern continues, we are likely to see further
moves to the upside.
There are previous highs above price but we can ignore these as they were
formed over ten years ago and are not very likely to act as strong levels of resistance.
We currently have positions in play for this forex pair and will look to compound
if the trend continues.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
