美元 / 日圓
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USDJPY after possible retest support line can start to rise

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Hello traders, I want share with you my opinion about Japanese Yen. Looking at the chart, we can see how the price retested the buyer zone 131.05-130.65 and started an upward movement. The Japanese Yen reached the resistance zone 134.90-135.15 and after a retest dropped to the support line. On several times, the price tested the support line, bounced, and formed an upward impulse. Japanese Yen broke through the resistance zone, rose to the level 137.75 and began to fall, broke through the zone 135.15-134.90 and approached the support line. Now the price is trading close to the support line and can go down and test it. I think the Japanese Yen has made a deep correction and can continue upward. The price after a possible retest of the support line can continue to rise and break through the resistance zone. In this case, I decided to set the target for the Japanese Yen in the zone 134.90-135.15 and at level 136.00. Please share this idea with your friends and click Boost 🚀

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