USDJPY Daily/4H Analysis

5 thg 6, 2022

USDJPY is in an uptrend and looking forward to hit the strong weekly resistance around 134.5. Therefore it has to break the current daily/4H Resistance at 131.4 and close with a daily candle above. If this happens I will be waiting for a retest and if i find enough bullish pressure that pushes the price off the 131.4 area back up i will put a long position with targeting the weekly resistance.