USD/JPY Progressive Zig-Zag Potentially Targeting 111.60
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The USD/JPY has formed a progressive Zig-Zag pattern and at this point, it seems like bullish momentum is shaping up for a new push higher. 110.90-111.05 is the POC zone and if the price manages to stay above 110.70 we might see higher levels. Next targets are 111.35, 111.61 and 111.77. Watch for a potential bounce from the POC zone.
W L3 - Weekly Camarilla Pivot (Weekly Interim Support)
W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Daily Camarilla Pivot (Daily Support)
D L4 – Daily H4 Camarilla (Very Strong Daily Support)
POC - Point Of Confluence (The zone where we expect price to react aka entry zone).
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