Last week USD/JPY struggled to break through key resistance area printed on the daily chart. We do have buy pressure as a head and shoulders pattern has printed representing bullish pressure. Looking for long positions once price has pushed through key area of sensitivity around 108.855 and retested this area creating support from previous resistance. Looking for confirmation before entry such as bullish engulfing bar, inside bar or pin par indication bullish pressure.
My analysis are for educational purposes. Analysis are not signals, trade at your own risk!
Happy Trading!
My analysis are for educational purposes. Analysis are not signals, trade at your own risk!
Happy Trading!