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Title
USDJPY Potential for bullish rise towards previous swing high
Type
Bullish Breakout
Preference
Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for price to rise from the pivot where the recent high is before heading towards the resistance where the previous swing high is.
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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.