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In all our recent posts we made it very clear how important the upward sloping trend line support is. The importance of this trend line can easily be seen as price is trading around it and bulls fight a big battle against bears without any violation of the trend line. Bulls continue to have the upper hand as price remains above the trend line.
Red rectangle - resistanceRed line - support
Green rectangle - support
Blue line- horizontal support
USDJPY continues to respect the support green area and the red upward sloping trend line. The horizontal support shown by the blue line also remains intact. Bears need to break below 108.50 in order to reclaim control of the short-term trend. The longer time price spends on top of the trend line support, the higher the chances of a strong upward move. A break above the 109.70 will give as first target the 110.70 level and next at 112.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।