USDJPY today's analysis strategy signal
USD/JPY Structure Analysis - Bullish Outlook
Today, I'll share the USD/JPY structure analysis.
On October 4th, the price broke through the first and strongest resistance area near 147.20. After an increase of nearly 200 pips, it encountered another strong resistance zone near 149.25, which held the price for about three weeks.
Currently, USD/JPY has broken through this strong zone near 149.25.
Given that USD/JPY is holding well also above the second zone, the odds are rising that it may continue to increase in the coming days or weeks.
The first target is the resistance zone near 152.00, followed by the second target near 154.70.
Today, I'll share the USD/JPY structure analysis.
On October 4th, the price broke through the first and strongest resistance area near 147.20. After an increase of nearly 200 pips, it encountered another strong resistance zone near 149.25, which held the price for about three weeks.
Currently, USD/JPY has broken through this strong zone near 149.25.
Given that USD/JPY is holding well also above the second zone, the odds are rising that it may continue to increase in the coming days or weeks.
The first target is the resistance zone near 152.00, followed by the second target near 154.70.
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