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USDJPY RESISTANCE LEVEL TO RE HIT

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
The price tried to break through the strong resistance level of 106.11 and hit the resistance zone in the same position. However, immediately after a small false breakout, it touched the resistance line of the ascending channel .

This channel has existed since December 2020. After touching the resistance zone , the price reversed in the fall. Now we see that the price began to work out the correction. However, I expect that the price will first fall to the support line of 104.95 before rallying towards the resistance level . After that, it will push off and grow to the resistance level of 106.00. This is our goal.

#USDJPY

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