Key Support Levels: 104.90
Key Resistance Levels: 105.40 – 105.70 – 106.20
Long Term View
The USD/JPY is trading inside a mid term bullish structure and has now retraced back 76.4% of the entire bullish move to retest the structure and the previous weekly lows having hit short term bearish targets in confluence. Long term hidden bullish divergence is detected.
1H Chart Analysis
The confluence of these levels makes for a high probability buy setup at the break of today´s highs.
Should this scenario play out we could see buyers push price up to retest the next key level (105.70 – 105.90) which is yesterday´s and this week´s highs.
This signal has also been sent in the swing trade channel with different targets as we aim to capture longer term moves.
If you want to get our swing trade signals you can join here: https://learn2.trade/forex-signals
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.