Yesterday, when USD/JPY was trading around 155.90, I mentioned that the third attempt at a resistance level is often the one that breaks, but I was a bit early in my prediction. However, during Monday Europe/US time, the price broke through 156.00 and has continued to rise since then.
I labeled the attempts at 155.90 as 1, 2, and 3, but I jokingly added 4 arrows in case you disagree with my analysis. Ultimately, I believe in sticking to my own interpretation of the situation rather than relying on others’ perspectives.
The market continues to show volatility, so it’s important to monitor the price movements closely to make informed trading decisions.