Hi traders. The focus is most certainly to the upside on USDJPY following the well-anticipated break of the trend line resistance as shown below:
No surprise there. With that being said we have already surpassed r1 and are sitting just under r2.
Intraday traders may want to wait for a break above r2 and look to buy a pullback to r2 on the flip side as support. A sustained break above r2 will put sights up to r3 and be mindful that Q2 targets are 115.
Enjoy and remember to follow!
No surprise there. With that being said we have already surpassed r1 and are sitting just under r2.
Intraday traders may want to wait for a break above r2 and look to buy a pullback to r2 on the flip side as support. A sustained break above r2 will put sights up to r3 and be mindful that Q2 targets are 115.
Enjoy and remember to follow!
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