USD/JPY 4H LONG
USD/JPY May rise 100+ pips
Insight - Price is moving in an upwards trend within a channel and has slightly broken out of the within an ascending channel and testing strong resistance at 110.95 so price is likely to rise.
Intraday - 4H
Trade: Buy
Buy or Above 119.95
Target TP: 112.19 & 113.13
Alternative scenario:
Trade: Sell
Sell or Below: 119.95
Target TP: 110.31 & 109.61
Pivot and Support 119.95
Insight - Price is moving in an upwards trend within a channel and has slightly broken out of the within an ascending channel and testing strong resistance at 110.95 so price is likely to rise.
Intraday - 4H
Trade: Buy
Buy or Above 119.95
Target TP: 112.19 & 113.13
Alternative scenario:
Trade: Sell
Sell or Below: 119.95
Target TP: 110.31 & 109.61
Pivot and Support 119.95
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