The USD/JPY has made a strong push after US President Trump’s comments regarding the strong dollar. At this point we can see the USD/JPY making a possible N bullish pattern through the Chuvashov Fork targeting 109.72 and 110.05. MACD is above zero supporting the bullish move. If we see profit taking today, the USD/JPY could drop but next week should remain bullish.
D H3 – Daily Camarilla (Strong Daily Resistance)
D H4 – Daily Camarilla (Very Strong Daily Resistance)
D H5 – Daily Camarilla (Strongest Daily Resistance)
D L3 – Daily Camarilla (Daily Support)
D L4 – Daily Camarilla (Very Strong Daily Support)
D H5 – Daily Camarilla (Strongest Daily Support)
POC – Point Of Confluence (The zone where we expect price to react aka entry zone).