InvestMate|USD/JPY Reaching A Resistance Zone💱

💱USD/JPY Reaching A Resistance Zone

💱As I wrote recently about the possibility of the start of an upward movement on USD/JPY:

💱Yes, and we have lived to see the continuation of the uptrend in recent days.

💱The price has returned to the vicinity of 138.

💱The resistance zone and support remain unchanged.

💱Given the trend and the fact that the support zone was tested again.

💱Looking also at the fact that we are above both the 50 and 200 moving averages and that the MACD and RSI are generating pro-growth signals I am not worried about the direction of the trend.

💱The scenario I am playing out remains unchanged, a continuation of the rises to the vicinity of the resistance zone. 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.

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