For the moment USD/JPY is very range-bound and I think eventually it could fall correctively to the support around 111.55.
Staying away from this pair for now. Too uncertain.
As I thought USD/JPY reached 111.55 and even fell
a little below that level before rebounding from it and returning to
the resistance of the range around 112.50. I think a possible break out
above it would mean a rally to 113.00 or even 113.40.
USD/JPY met resistance at 113.25 after forming a
shooting star bar at that level on the M30 time frame. I think it may
depreciate back to 112.30 today.
There is a double top at 113.20 - 113.25. I think
that is a signal for a future deeper correction to 112.00 at least,
maybe even 111.50.
hi dears in h4 is now sell signal
Monitoring the pair for potential short positions. Currently, i see nothing, lol.
The pair remains strong upward momentum, resistance level can be found at 113 handle and follow by 113.25/30 zone.
I agree. Also, I don't think the renewal of the upward trend will be confirmed before a breakout above 113.30.
USD/JPY preparing for a strong trend long term