USD/JPY 4H Long
USD/JPY Mar rise 50-100 pips
Insight - Price moving in a downwards trend and bounced off support at 107.73
forming a double bottom so trend is likely to be broken and continue upwards to break resistance at 108.45
Bias:Buy
Trade: Buy
Buy or above:107.73
Entry:108.45
Target TP: 108.77 & 109.55
Trade: Sell
Sell Below 107.73
Entry:107.58
Target TP: 106.87 & 106.22
Insight - Price moving in a downwards trend and bounced off support at 107.73
forming a double bottom so trend is likely to be broken and continue upwards to break resistance at 108.45
Bias:Buy
Trade: Buy
Buy or above:107.73
Entry:108.45
Target TP: 108.77 & 109.55
Trade: Sell
Sell Below 107.73
Entry:107.58
Target TP: 106.87 & 106.22
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.