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As you can see on the H4 chart, the USD/JPY pair registered a strong upwards movement after passing above the downtrend line. I've told you in a previous analysis that USD/JPY could develop an upside reversal if it jumps above the downtrend line.
115.45 former high (historical level) represented an upside obstacle. The price ignored this resistance level siganling strong buyers and potential further growth. Still, in the short term, it could retreat a little after its amazing rally. Testing and retesting the 115.45 and consolidation above this level may signal potential further growth.
USD/JPY could extend its growth as long as it stays above the 115.45. A minor retreat couldhelp the buyers to catch a new upwards movement. 116.27 higher high stands as an upside target if the rate continues to grow.
*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।
