D1 price is on primary bullish market condition for crossing 120.08 resistance level for the bullish to be continuing:
- USDJPY is traded above 200 period SMA for the primary bullish market condition
- 200 period SMA and 100 period SMA indicators are showing the uptrend to be continuing
- The price is crossing 100 period SMA together with 120.08 resistance level from below to above to be reversed from the secondary ranging to the bullish
- Key resistance level is 122.02
- Key support level is 118.24
Resistance | Support |
---|---|
120.08 | 118.24 |
122.02 | 115.56 |
Trend: D1 - bullish