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21.06.2021: Forex Analysis & Reviews: Daily Video Analysis: USDJPY facing bullish pressure, potential for further rise!

Today we take a look at USDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as it continues to hold above the ascending trendline support, and Stochastics is also showing signs of bullish pressure. We could see a bounce at buy entry, in line with 61.8% Fibonacci retracement, and further upside towards take profit, in line with 61.8% Fibonacci retracement and horizontal swing high resistance.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
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