The USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade market has re-established its bullish trajectory following a recent downturn. The price has surged past the previous swing high of 157.70 on the daily chart, indicating renewed upward momentum. This upward movement is projected to challenge the resistance level at 160.40, where the price previously encountered a significant pullback.
After breaking above the bullish wedge on the daily chart, USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade buyers exhibited exhaustion as the price approached 160.40. This level saw a reduction in buying momentum, evidenced by the decreasing size of red bars on the Awesome Oscillator.
The major level 151.90, which served as strong resistance in November and March, has provided substantial support. Following a test of this level, a significant low was established, leading to the formation of higher lows and indicating a positive progression in price movement.
On the four-hour chart, the market has broken through the resistance zone at 157.70. The swing high of 160.40 remains a critical target for the best forex signals telegram channels can offer. This is supported by rising bullish momentum observed on the Awesome Oscillator across both daily and four-hour charts.
You can purchase Lucky Block – Guide, Tips & Insights | Learn 2 Trade here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
Trade on MT4 with Leverage up to 1:500! Trade on MT4 with Leverage up to 1:500!
X
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Short-Term Trend: Bullish
