Hello traders, this is my analysis on USDJPY. First of all, if you agree with my analysis please give it a like and if you find my analysis great, go ahead and give me a follow.
USDJPY is currently in a bullish momentum right now because its clear as day that is in a upward channel.
The next major resistance is price 106.688.
I am looking at two possible outcomes. One, if price breaks above price 105.975, I will be looking for buying opportunities.
Two, if price breaks below price 105.840 then I will be looking for selling opportunities.