As I predicted earlier, USDJPY nicely respected a broken key horizontal structure on a daily and bounce from that.
Analysing a 4H time frame, I spotted one more bullish confirmation: this time, the price violated a resistance line of a symmetrical triangle formation.
We may expect a retest of a current high now, with a consequent continuation to 151.3 level.
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.