USDJPY May Go Higher!!! Here is why:

21 באוק׳ 2019

hey traders,

from august usdjpy is very bullish and last Friday pair has reached important decision zone.

109.0 structure level is significant for the market participants.
analysing the historical perspective we will immediately notice that this level
was respected by the market many times in the past and each and every time we saw a significant movement from this level.

for this reason, bullish violation of this level will be a very important signal for us.
after a breakout buying volumes will accumulate and we will see a bullish continuation to higher levels.

pay close attention to USDJPY on a daily and lets see how the market will react!