U.S. Dollar / Japanese YenUpdated Can we close above 108.90
The USD/JPY is trading below its 200 MA and facing a major resistance at 108.90 if we close below it then we will come back to 108.02 but if we can break it this will push the USD/JPY to 110
so my strategy is to wait for the daily close above or below 108.90 to take position if above and with a strong bounce we will buy and target 110 but if we close below we will short
so my strategy is to wait for the daily close above or below 108.90 to take position if above and with a strong bounce we will buy and target 110 but if we close below we will short
Trade active
Pull back buy and target 110.5
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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.