Hello friends. Here is our analysis on USDJPY . The support and resistance marked are of D1. The pair is moving in that zone for a pretty long time. After hitting the support area the pair started to move upwards towards the resistance level . Also if you notice the black lines we can see that the pair made a new higher high while not breaking the previous higher low. So as per our analysis the pair will continue the pattern till kit reach the resistance which is at 112.000.
Let us know whats your view on this.
Thank you.
Ryan.R.Lopes
Ryan.R.Lopes, trader and analyst. Holds strength in Support and resistance, trade-line and breakouts. Having experience in FOREX, COMMODITIES and STOCK MARKET for more than 5 years and now Backed by a powerful team that has more than 10 years of experience.
