USD/JPY Discussion

Removed...

Inside day.

Great long today, from premarket low.
1min timeframe.

After a false breakout of the 158.67 support level, the USDJPY pair rebounded upward, reaching the previously indicated target of 159.35. This level was then broken upward, and the price consolidated above it. According to my calculations, the next buy target could be the 159.95 resistance level.

Although the USDJPY price action on the H4 time frame issued relatively big bearish prints in the latter part of Friday, technically there is no directional momentum. Nevertheless, we may see a brief southward move of price action to an intra-day area of value before northward pushback. The 157.750/160.150 horizontal channel would have to be significantly broken before we can see sustainable directional momentum.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Today long for the continuation. Try to reach asia high.
SL at BE now.

Inside day.

Inside day.

I see what you're saying through the graphs but I don't think the ascending trend will continue. At least that's my take on it