USDJPY Breaking above 109.50
The 109.50 is a major level for USDJPY and price is currently breaking out of this zone. 190.50 has been a major level of resistance dating back to june of this year.
Observe the daily timeframe on the pair, the previous 2 candlesticks mark indecision, so now there is a place for the market to make it's move. Given sustained momentum past even 110.00 I would like to see the pair move up to 112.00 hopefully by the end of the year.
SL is around 109.30 with take profit open, eyeing at 112.00 in the long run.
Observe the daily timeframe on the pair, the previous 2 candlesticks mark indecision, so now there is a place for the market to make it's move. Given sustained momentum past even 110.00 I would like to see the pair move up to 112.00 hopefully by the end of the year.
SL is around 109.30 with take profit open, eyeing at 112.00 in the long run.
Penafian
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