Hi Traders!
There is a range zone setup on the USDJPY 1H chart. From looking at the price action, it looks bullish, and we are close to a breakout.
There is resistance at 141.973 and support at 141.442.
We are looking for a resistance break above the zone to target the psychological 142 barrier. If there is a break of the 142 barrier, then we have further levels to the upside, we have a long-term vector level at 142.255 (PLEASE SEE LINK BELOW).
If we fail to break the range zone, we are likely to stay in the range zone, so there will be opportunities to just trade the range.
Please like, comment and follow to support us; we greatly appreciate it.
Thank you for your support.
BluetonaFX
There is a range zone setup on the USDJPY 1H chart. From looking at the price action, it looks bullish, and we are close to a breakout.
There is resistance at 141.973 and support at 141.442.
We are looking for a resistance break above the zone to target the psychological 142 barrier. If there is a break of the 142 barrier, then we have further levels to the upside, we have a long-term vector level at 142.255 (PLEASE SEE LINK BELOW).
If we fail to break the range zone, we are likely to stay in the range zone, so there will be opportunities to just trade the range.
Please like, comment and follow to support us; we greatly appreciate it.
Thank you for your support.
BluetonaFX
