U.S. Dollar / Japanese YenUpdated USDJPY MOVEMENT
1. The price is currently at 152.548, above the 0.382 Fibonacci retracement level (151.725), indicating potential bullish momentum.
2. A key support zone is identified between 151.70 and 152.00, which has held the price.
3. If the price holds above the support, it may continue toward the 0.618 Fibonacci level (153.63) and potentially target the previous high near 156.71.
4. A pullback to the support zone is possible before further upward movement.
5. The overall structure shows a bullish recovery from the recent low (148.63).
This setup suggests a continuation of the uptrend if support levels remain intact.
Trade active
trade is active just look at my analysis and your profit grow :))))Trade closed: target reached
This analysis is 50% of the way through and I recommend closing half the trade and placing your stop loss above your entry.Note
full tp
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.