💱USD/JPY Opportunity For Continued Increases💱

💱USD/JPY Opportunity For Continued Increases

💱This post is a direct continuation of my previous post:

💱After the declines of December 20 due to the intervention of the Bank of Japan, the USD/JPY is doing quite well in terms of increases.

💱It can be seen that the sentiment is still pro-growth.

💱Also, the technical environment supports pro-growth scenarios.

💱It looks like there is a high probability of reaching the resistance zone marked on the chart, which is located around the 0.236 level of the entire downward wave from the peak to the current low.

💱I determined the support zone based on where the price has repeatedly found support as well as resistance.

💱The scenario I'm playing out is a continuation of growth to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💱*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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