Hi Traders!
USDJPY has finally broken above the two-month 145.073 resistance level and is quickly approaching 146. The psychological 150 level is now in sight.
The price action shown here on the 1W chart is very bullish; the range zone has been broken, and we are above our 20 EMA. The 145.073 resistance level might be tested now as support, and we are looking for a possible retest candle to show a close above 145.073. If we get this, then our long-term target is 150, which is a huge psychological level.
We also have the FOMC minutes meeting tomorrow, so we could see further levels broken to the upside depending on the outcome.
Please remember to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
USDJPY has finally broken above the two-month 145.073 resistance level and is quickly approaching 146. The psychological 150 level is now in sight.
The price action shown here on the 1W chart is very bullish; the range zone has been broken, and we are above our 20 EMA. The 145.073 resistance level might be tested now as support, and we are looking for a possible retest candle to show a close above 145.073. If we get this, then our long-term target is 150, which is a huge psychological level.
We also have the FOMC minutes meeting tomorrow, so we could see further levels broken to the upside depending on the outcome.
Please remember to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
