Hi Traders , as you know USD/JPY have been risk up since Last week we also posted an updated a new chart with the targets given of 112.30 and 113.00 to be fulfilled. Currently, 112.30 has already been achieved as since our last post we have seen a steady incline in price action with higher-highs and higher-lows continuously being printed with the 4-hour trendline being respected.
This is a very interesting level as should we manage to break, we could see 113.00 retested as support before making a move all the way to 114.00 or, we may see some consolidation before figuring out the next move and even possibly a sharp reversal if we react anything like how we did in July.
This is a very interesting level as should we manage to break, we could see 113.00 retested as support before making a move all the way to 114.00 or, we may see some consolidation before figuring out the next move and even possibly a sharp reversal if we react anything like how we did in July.
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