USDJPY TECHNICAL ANALYSIS ON H1 TIMEFRAME
Publish Date : 2019/10/01 - 06:28

USDJPY TECHNICAL ANALYSIS ON H1 TIMEFRAME


  • After a drop of 154 pips from its high of 108.47 on 19 Sep to 25 Sep 2019 low of 106.97, the pair has managed to stage a recovery right at a minor ascending channel support in place since 26 Aug 2019 low.
  • Elements have turned positive where the “residual push up scenario of a corrective rebound phase” is in play again.
  • Bullish bias now above 107.70 short-term pivotal support for a residual push up to target 109.00 and 109.30/50 major resistance before the risk of a bearish reversal sets in.

Source:forex.com

close Menu
SignIn SignUp
Signals
Forex & Stock