USDJPY - Closer to 150
On weekly chart, the pair has been continuing to have a bullish pattern for a long time, and it is infinitely close to the high of 149, with the current trend, 150 is not impossible anymore.
On daily chart, we can see that it has completed the consolidation then the breakout pattern.
From 4H chart, the pair has been keeping up with no looking back, but from a technical point of view, the upward momentum of the pair comes from the support of the moving averages at the 4H level and also 1H level, so it is still necessary to wait patiently for the pair to test the moving average before entering the market.
I'd wait for the price to come down, then put a long order aiming at 150.
Good luck to you all:)
On daily chart, we can see that it has completed the consolidation then the breakout pattern.
From 4H chart, the pair has been keeping up with no looking back, but from a technical point of view, the upward momentum of the pair comes from the support of the moving averages at the 4H level and also 1H level, so it is still necessary to wait patiently for the pair to test the moving average before entering the market.
I'd wait for the price to come down, then put a long order aiming at 150.
Good luck to you all:)
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