Gold-Tech

💱 USDJPY - False break of support forms a u-turn set-up

Long
FX:USDJPY   Dollar Américain / Yen japonais
The USDJPY was shaken up badly on last week's news. The price has tested support at 134.00 and is starting to show positive momentum again.

TA on a high timeframe:
1) Globally there is no clear trend. The price is in a sideways range.
2) The price goes from the support retest to the side range resistance within local uptrend.

TA on a low timeframe:
1) Price makes a false break of the upward support line.
2) The retest of resistance 135.137 is formed.
3) After the false breakout, the price does not fall, and comes back to the resistance retest.
4) Forms a reverse H&S set-up
5) Resistance breakout would form a bullish impulse

Key resistance: 135.137
Key support: 134.67, 134.00

All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔

FREE TELEGRAM:

🌹 Telegram channel: t.me/Go1dTech

😍 My contact: t.me/GoldTech
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.