USD/JPY has broken all of its ema's on the 4 hour chart and is finding support on top of them.
We can expect the first TP for this continuation pattern to be at 111.95.
On the long term, if USD/JPY holds strong, we can expect it to hit back the 113 level.
We can expect the first TP for this continuation pattern to be at 111.95.
On the long term, if USD/JPY holds strong, we can expect it to hit back the 113 level.
Trade closed: target reached
Profits were secured at 111.75. I hope everyone did the same as it was failing to go any higher.As it has broken back the 50 ema on the 4 hour timeframe, we will see if it can reverse back up. If not, we will short it further below after confirmation.
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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.