Get started
JohnnyPurtoy98

USDJPY - successful bounces off the resistace level

U.S. Dollar / Japanese Yen (FX:USDJPY)  
JohnnyPurtoy98  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators ranging USDJPY breakout
0
0
trendanalysis chartpattern indicator ranging usdjpy breakout
The resistance level has now proved to be strong as it has bounced the price twice now, it is not clear which direction the price would move from here as the price seems to be stuck in a range. The pair needs to be watched for a breakthrough the support or the resistance of this range.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.