USD/JPY has formed a T1 pattern just below W H5/ M H4 resistance. If the price closes above 110.60 we should see a bullish continuation.
The price moved above W H3 and W H4 and hit the important W H5 level. This is the strongest weekly resistance. If we see a 4h candle close above it, the price could make a further bullish move towards 110.97 and 111.37. However, have in mind that the W H5 has made a confluence with M H4 so there is still a possibility of M H4 breakout. In that case we might see the above-mentioned levels and eventually 112.10 by the end of this month.
Many green pips,
Nenad Kerkez aka Tarantula FX
Get Free Month of ecs.LIVE
Trade with LCG via ECS to access telegram signals & SWAT education.