USDJPY: Consolidation & The Next Bullish Move 🇺🇸🇯🇵

2023年8月29日

https://www.tradingview.com/x/Ra1RR1mD/

USDJPY is currently consolidating within a horizontal range.
Taking into consideration the fact, that the pair is trading in a long-term bullish trend,
probabilities are high that the market will resume the growth soon.

Your confirmation will be a bullish breakout - a daily candle close above 146.6 - the upper boundary of the range.

A bullish continuation will be expected to 148.0 level then.

Alternatively, remember that the price may also drop from the underlined blue resistance and keep consolidating.

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