USD/JPY About to Break the $112 Resistance Level
EMA indicators both sets 50/100 EMA and 10/21 EMA are in a bullish divergence structure. Price action is making higher highs and higher lows. Price is also tightening indicating a breakout or breakdown is imminent. I believe this setup favors a break of resistance at $112 and eventually moves higher before retracing.
Commento:
Played out nicely
Commento:
UJ not done, expect at least a breach of 113 then retrace
Commento:
Well.. I nailed this