Title
USDJPY M30 I Bullish breakout
Type
Bullish Breakout
Preference:
Price is currently at the pivot of 144.54, a breakout from this level could lead the price to rise to 1st resistance at 145.28, a pullback resistance close to 61.8% Fibo retracement.
Alternative scenario:
If price reverses from the pivot, it could lead the price to fall to 1st support at 144.07, an overlap support
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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.