USDJPY ! Possible correction on the background of an uptrend👾

22 thg 8, 2022

USDJPY is trading in a bullish trend. Earlier, a false breakout was made and the currency pair's potential is quite large. The price is testing the resistance at 137.45, but the key points, such as the liquidity zone above 137.45 and 139.37 are not affected.

Since above 137.45 we have a strong liquidity zone, a price reaction to the level in the form of a pullback to the support of the ascending price channel is possible.

I assume that the 137.45 zone is quite important for the price and it is necessary to observe this level. I assume that there may be a false breakout and a slight correction. The short-term target is support at 135.5.

Regards R. Linda!