Title
USDJPY H4 | Bullish bounce
Type
Bullish Bounce
Preference:
USDJPY is bouncing off the pivot at 143.152, the overlap support, and could continue rising to 1st resistance at 144.753, the overlap resistance.
Alternative scenario:
The price could break the pivot at 143.152, and fall to the 1st support at 141.404, the pullback 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.