USDJPY’s bullish momentum remains dominant. After a brief consolidation phase, price began compressing beneath a descending resistance line.
And here is the interesting part: price has just broken above that resistance with a fairly decisive move. The breakout candle suggests that buyers are regaining control and opens the door for the uptrend to continue.
From here, if price can hold above the broken trendline, the next target sits around 163.000, which also represents an important psychological resistance area.
And here is the interesting part: price has just broken above that resistance with a fairly decisive move. The breakout candle suggests that buyers are regaining control and opens the door for the uptrend to continue.
From here, if price can hold above the broken trendline, the next target sits around 163.000, which also represents an important psychological resistance area.
トレード終了: 利益確定目標に到達
Target reached. I don’t think this strong bullish move is over yet.
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