USDJPY continues to go to its target. The market is interested in the mark of 151.95. Against the background of a strong trend, we should look for either support levels and buy on the bounce, or resistance levels and buy on the breakout.
TA on the high timeframe:
1) Strong pattern on d1. V-turn pattern. Price is breaking through the base, which is a strong medium term signal
2) There is a void ahead and liquidity area only around 152.00
TA on the low timeframe:
1) A retest of 148.86 support is forming. False breakout increases liquidity for further upside. Fundamentally, we have a strong dollar and a weak JPY, which can be seen on the chart
2) We are interested in resistance at 149.934. Consolidation of the price above the level will form a buy signal.
3) Targets: 150.5, 151.0
Key resistance📈: 149.934
Key support📉: 149.7
TA on the high timeframe:
1) Strong pattern on d1. V-turn pattern. Price is breaking through the base, which is a strong medium term signal
2) There is a void ahead and liquidity area only around 152.00
TA on the low timeframe:
1) A retest of 148.86 support is forming. False breakout increases liquidity for further upside. Fundamentally, we have a strong dollar and a weak JPY, which can be seen on the chart
2) We are interested in resistance at 149.934. Consolidation of the price above the level will form a buy signal.
3) Targets: 150.5, 151.0
Key resistance📈: 149.934
Key support📉: 149.7
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