USDJPY H4 Potential Bullish Momentum | 20th July 2022

20 thg 7, 2022

On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.372 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.767 in line with pullback support. Alternatively, prices could break entry structure and drop to stop loss at 136.728 where the overlap support and 38.2% fibonacci retracement are.

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