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USDJPY Potential for Bullish Continuation| 10th August 2022

Длинная
FX:USDJPY   Доллар США / Японская иена
On the H4, price is still bullish biased as it fails to pull back to the first support the previous session. It is currently moving towards the first resistance at 135.599 which coincides with the 61.8% Fibonacci retracement and the previous swing low. Our buy entry will be positioned at 134.361 and take profit at 137.436. Alternatively, if price fails to break out of the squeeze into a bullish momentum, we're looking at a descending trend toward our stop loss at
132.467

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