The pair is under pressure and it has moved from the resistance 109.40 area.
There is a chance we move toward 106.50 again short-term. The stoch and SMI are negative, and since USDJPY will likely move towards 144.50 area, this cross will move in tandem as well.
Strategy SELL @ 108.60-108.90 and take profit near 106.87. SL based on personal preferences.
There is a chance we move toward 106.50 again short-term. The stoch and SMI are negative, and since USDJPY will likely move towards 144.50 area, this cross will move in tandem as well.
Strategy SELL @ 108.60-108.90 and take profit near 106.87. SL based on personal preferences.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.