๐ฑUSD/JPY Opportunity For Continued Increases๐ฑ
๐ฑUSD/JPY Opportunity For Continued Increases
๐ฑThis post is a direct continuation of my previous post:
๐ฑAfter the declines of December 20 due to the intervention of the Bank of Japan, the USD/JPY is doing quite well in terms of increases.
๐ฑIt can be seen that the sentiment is still pro-growth.
๐ฑAlso, the technical environment supports pro-growth scenarios.
๐ฑIt looks like there is a high probability of reaching the resistance zone marked on the chart, which is located around the 0.236 level of the entire downward wave from the peak to the current low.
๐ฑI determined the support zone based on where the price has repeatedly found support as well as resistance.
๐ฑThe scenario I'm playing out is a continuation of growth to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ฑ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
๐ฑThis post is a direct continuation of my previous post:
๐ฑAfter the declines of December 20 due to the intervention of the Bank of Japan, the USD/JPY is doing quite well in terms of increases.
๐ฑIt can be seen that the sentiment is still pro-growth.
๐ฑAlso, the technical environment supports pro-growth scenarios.
๐ฑIt looks like there is a high probability of reaching the resistance zone marked on the chart, which is located around the 0.236 level of the entire downward wave from the peak to the current low.
๐ฑI determined the support zone based on where the price has repeatedly found support as well as resistance.
๐ฑThe scenario I'm playing out is a continuation of growth to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
๐ฑ*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
๐If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.๐
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๐ฒ t.me/Investmatez ๐ฒ
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