USDJPY In A Channel, BTFD For Now?
USDJPY is pushed above 109 today which is an important level in the short term. The 4-hour chart is showing us that it is in an up channel.
The levels we must watch in mind are the following: 106.937, 108.168, 108.585 - 109.250, 110.193, 111.668
Note: If we lose the 106.937, it is highly likely the next major support is around 102.
What do we have here?
✔️ Bull Channel Formation
✔️ USDJPY- Pushing Minor Resistance Level
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
The levels we must watch in mind are the following: 106.937, 108.168, 108.585 - 109.250, 110.193, 111.668
Note: If we lose the 106.937, it is highly likely the next major support is around 102.
What do we have here?
✔️ Bull Channel Formation
✔️ USDJPY- Pushing Minor Resistance Level
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
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