Hi Traders!
USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation.
Here are the details:
After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808.
The fundamental news also supports our bullish view. Earlier today, the NFP announcement came in at a staggering 353K, which was surprising and much better than the expected forecast of 187K. Traders will read this as massive strength for the US dollar.
We are now looking for a break and a close above the yearly high at 148.808.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation.
Here are the details:
After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808.
The fundamental news also supports our bullish view. Earlier today, the NFP announcement came in at a staggering 353K, which was surprising and much better than the expected forecast of 187K. Traders will read this as massive strength for the US dollar.
We are now looking for a break and a close above the yearly high at 148.808.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX