USDJPY Breaks Through 152.0 Resistance Barrier

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Market Analysis – April 12

The USDJPY currency pair has recently surpassed the critical resistance level of 152.0, marking a significant development in its price trajectory. Despite encountering persistent resistance at this level, characterized by diminished volatility and price stagnation, recent market activity has shown a noteworthy shift. A symmetrical triangle pattern has prominently formed in the 4-hour timeframe, indicating the intensifying struggle between market participants. Notably, bullish momentum has surged, highlighted by a substantial bullish candle, signalling a resurgence in buying pressure.

USDJPY Key Levels

Demand Levels: 146.40, 145.00, 140.00
Supply Levels: 152.00, 156.00, 160.00

USDJPY Long-Term Trend: Bullish

Examining the daily timeframe, a clear expanding channel pattern has emerged, delineating the fluctuation of prices. Following a test of the lower boundary in January, a bullish reversal occurred, supported by a rebound from the trendline. Furthermore, the Smoothed Heikin Ashi Candles have transitioned to a green hue, indicating a pronounced uptrend.

The resistance at 152.00 effectively impeded upward momentum in November; however, recent market dynamics have seen sellers attempt to enforce a bearish stance, albeit unsuccessfully due to robust buyer participation.

USDJPY Short-Term Trend: Bullish

The breakout beyond 152.00 underscores a bullish institutional order flow, suggesting a favourable outlook for further price appreciation. Forex signals indicate a probable upward trajectory towards the upper boundary of the expanding channel. In the long term, the psychological milestone of 160.0 emerges as a plausible target, reflecting the prevailing bullish sentiment.

Do you want to take your trading to the next level? Join the best platform for that here