RLinda Trading

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R.Linda Trading - forecast

Trading signal for USDJPY → Resistance breakdown with a pulse of 1.80%

2023-04-28 10:00 FOREX forecast

USDJPY finally breaks the resistance and forms a strong momentum at 1.80% on the back of local growth of the dollar index.

The currency pair enters a new range of 135.00 - 138.00. Consolidation of the price above the support will open the potential for growth to the strong resistance of 137.91.

Locally, we observe an uptrend, hence, a breakthrough of the uptrend resistance can only accelerate the vdizhening of the currency pair.

Moving averages MA-50 and MA-200 on the 4-hour timeframe are acting as support.

Strong support: 135.00, upper boundary of the uptrend channel.

Strong resistance: 136.9, 137.9

I expect a small technical rollback with the subsequent growth in the short and medium term

R. Linda

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