More bullish momentum, from USDJPY
Type: Bullish Momentum
Pivot:110.259
Support: 110.152
Resistance:110.419
Preferred Case:
USDJPY is showing potential bullish momentum. Price is expected to swing higher from the pivot at 110.259 towards our ascending trendline and resistance at 110.419. Indicators are also showing a continuation of upward trend.
Alternative Scenario:
Alternatively, Price Might Swing Downwards To Our Support At 110.152 In Line With 23.6% Fibonacci Level.
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Past performance is not indicative of future results.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.