USDJPY may have either a strong bullish markup or potential bullish exhaustion for the last week of Feb 2021. In addition, the price level happened to be within a confluence of axis line and intersection of long term bearish and short term bullish equidistant channel.
107 which is near 61.8% retracement, seems an ideal level to be ready to short USDJPY.
107 which is near 61.8% retracement, seems an ideal level to be ready to short USDJPY.
Trade closed: stop reached
Stop loss hit.
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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.