Price broke out of the H1 downtrend on USDJPY!
Last week we saw market reaching the 107,45 and it then quickly rose back up.
This week the upside move continues and now we have a higher low and a higher high.
This kind of price action alongside the downtrend breakout gives us a signal that we should see an upside continuation.
We could expect price reaching next levels of resistance at:
108,72
109,39
Price is also at a Daily support which is an extra confirmation!
Last week we saw market reaching the 107,45 and it then quickly rose back up.
This week the upside move continues and now we have a higher low and a higher high.
This kind of price action alongside the downtrend breakout gives us a signal that we should see an upside continuation.
We could expect price reaching next levels of resistance at:
108,72
109,39
Price is also at a Daily support which is an extra confirmation!
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