In this tutorial you can see that the USDJPY price on the 1D chart (1 Day per candle) is crossing the resistance line after resisting at a low level. The High level has been set at around 111.658 Level. As for the new the price broke a resistance level at 109.948 it is possible that the price will continue to Increase.
What do we see (?)
Break of the resistance level around: 109.948
Crossing of the Momentum indicator and MA indicator
Sufficient volume to trade
Long signal(s)
In my opinion it is possible that the price will rise and a BUY position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
What do we see (?)
Break of the resistance level around: 109.948
Crossing of the Momentum indicator and MA indicator
Sufficient volume to trade
Long signal(s)
In my opinion it is possible that the price will rise and a BUY position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
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