Monday, February 20, 2023

USDJPY Potential for bullish continuation towards previous swing high

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleUSDJPY Potential for bullish continuation towards previous swing highTypeBullish BouncePreferenceLooking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to rise from this pivot which is the overlap support towards the resistance which is the previous swing high.It's worth noting that there is an intermediate resistance here where price might struggle to break through.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-potential-for-bullish-continuation-towards-previous-swing-high
via IFTTT

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Don’t count resources out

Commodities have performed poorly over the past year, but they tend to move in long and volatile cycles. from Moneyweek RSS Feed https://m...