In yesterday's comment, I said that the long-term trend for UsdJpy is clearly up and the drop from 111 is just a correction.
Yesterday the pair has finished the day very strong and closed above the important 108.30-108.50 important zone, confirming a false break
A small retracement could follow at this point and this could be a good opportunity for bulls to open longs
As I said, 108.30-108.50 is now support, and bulls can have 111 as a target
Yesterday the pair has finished the day very strong and closed above the important 108.30-108.50 important zone, confirming a false break
A small retracement could follow at this point and this could be a good opportunity for bulls to open longs
As I said, 108.30-108.50 is now support, and bulls can have 111 as a target
Note
Usdjpy hit 108.50 and I m in a buy trade
📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.