USDJPY continues bullish run

USDJPY continues bullish run

Key Support: 105.20 – 105-50 105.70
Key Resistance: 106.20

Long Term View
The USDJPY has been rallying since earlier this month when it bottomed at 104.40 (178 pip ride from low to high)

1H Analysis
We have pulled back 50% from the highs and bounced from the 61.8% pullback of last week´s range
The UJ is still in an uptrend and has opened up the week stronger with a stronger USD (DXY at weekly pivot).

We have broken with the bull flag and the daily highs on a possible move to retest the previous weekly highs.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Author : Orlando Gutierrez

Leave a Reply

Your email address will not be published. Required fields are marked *