RLinda ! USDJPY ! Price rollback before breakout
USDJPY. The situation is developing as follows: as I said before, we should expect a pullback from the resistance at 137.45, which we can see.
On the chart we can see that the price has an uptrend and is traded in an uptrend channel, so we have to look for support levels or key setsups, which will enable us to enter the trade with low risk.
I assume that the price can pullback to the support of 135.4 before the price starts to break the level of 137.45. In the medium term, I expect a breakdown of the level of 137.45 and growth of the price to resistance of 139.3.
Regards R.Linda!
On the chart we can see that the price has an uptrend and is traded in an uptrend channel, so we have to look for support levels or key setsups, which will enable us to enter the trade with low risk.
I assume that the price can pullback to the support of 135.4 before the price starts to break the level of 137.45. In the medium term, I expect a breakdown of the level of 137.45 and growth of the price to resistance of 139.3.
Regards R.Linda!
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