Joseph_Yabwa

USDJPY To Continue It's Rebound

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
The rebound from 101 continues and the market got to the within 10 pips of the trendline. The bias is on the upside and if we break the trendline and get a buy setup then the upside will be confirmed.

Levels to watch out for;

1.) Previous structure high which will now act as a minor resistance @ 112.20
2.) Resistance at 114.60 (Oct. 2018 High)
3.) Resistance at 118.60 (Dec. 2016 High)

Thank you for you support!

Any comment is welcomed!

Keep It Simple!

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.