USD/JPY Soars Above Resistance: Next Stop 160?
USD/JPY Trade Analysis:
Breakout Confirmed: USD/JPY has broken above the descending trendline and is holding above the 152-155 support zone.
Targets:
Short-Term: 161.00 (previous high).
Long-Term: Potential for new highs if momentum continues.
Stop Loss: Below 152.00 to protect against invalidation.
Entry: Ideal entry near 155-157 on a retest of the breakout zone.
Summary: USD/JPY shows bullish momentum with a breakout. Look for a retest for a better entry, targeting 161 with proper risk management.
DYOR, NFA
Breakout Confirmed: USD/JPY has broken above the descending trendline and is holding above the 152-155 support zone.
Targets:
Short-Term: 161.00 (previous high).
Long-Term: Potential for new highs if momentum continues.
Stop Loss: Below 152.00 to protect against invalidation.
Entry: Ideal entry near 155-157 on a retest of the breakout zone.
Summary: USD/JPY shows bullish momentum with a breakout. Look for a retest for a better entry, targeting 161 with proper risk management.
DYOR, NFA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.