Hello Traders,
On USDJPY we can clearly see a bullish trend on the hourly time frame which has been in play for quite some time.
Currently we are trading at the resistance level, marked in red. This level has been tested and rejected once already.
We are now testing it again and we need to wait till we see a break and a retest to enter a buy or a bounce and confirmation to enter a sell.
Thanks all,
On USDJPY we can clearly see a bullish trend on the hourly time frame which has been in play for quite some time.
Currently we are trading at the resistance level, marked in red. This level has been tested and rejected once already.
We are now testing it again and we need to wait till we see a break and a retest to enter a buy or a bounce and confirmation to enter a sell.
Thanks all,