USDJPY facing bullish pressure | 06 May 2021
Prices are facing pressure from breaking out of the triangle squeeze and is looking to take support from retest of trendline together with horizontal pullback support in line with 61.8% and 61.8% . Prices might push up towards horizontal swing high resistance in line with 161.8% as well as 127.2% . If prices push down further, prices might take support from horizontal swing low support in line with 127.2% and 161.8% . is also below prices, showing a pressure for prices.