USDJPY has broken and closed above a resistance line of a falling parallel channel on a daily.
Also, the price has formed a double bottom formation within that and its neckline was broke to the upside as well.
The broken trend line and a neckline compose an expanding demand cluster.
From that, the price was nicely rejected on Friday.
I will expect a further accumulation of bullish volumes within that area.
The market will most likely bounce then.
Next resistance - 134.3
โค๏ธPlease, support my work with like, thank you!โค๏ธ
โ
Join My Telegram Channel: t.me/VasilyTrading
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ