USDJPY: we continue to move upward from the earlier built support levels, so I confirm buy recommendation starting from 114-115 levels. But don’t forget that a trend is a direction of price movement and until the extremum in the form of 115.500 resistance level will not be broken, the upward trend will not continue and the pair will be located in the corridor between the levels of 115.50 and 114.00.
I trade using USDJPY trend line break approach. Only hourly price chart is used for a trend line, the line is drawn through at least two local lows or highs.
I trade using USDJPY trend line break approach. Only hourly price chart is used for a trend line, the line is drawn through at least two local lows or highs.