USD/JPY May Rise 50-100 pips
Insight - Price has moved further up the ascending triangle and hit resistance at 111.53 if price brakes out of the channel price will hit or push support at 109.17
Intraday - 4H
Trade: Buy
Buy or Above 111.53
Entry 111.76
Target TP: 112.27 & 113.17
Pivot and Support 109.17
Alternative scenario:
Sell or Below: 110.66
Target TP: 109.90 & 109.89
Insight - Price has moved further up the ascending triangle and hit resistance at 111.53 if price brakes out of the channel price will hit or push support at 109.17
Intraday - 4H
Trade: Buy
Buy or Above 111.53
Entry 111.76
Target TP: 112.27 & 113.17
Pivot and Support 109.17
Alternative scenario:
Sell or Below: 110.66
Target TP: 109.90 & 109.89