USDJPY – Mildly bullish bias
Updated
USDJPYUSDJPYUSDJPYUSDJPYUSDJPY - Intraday - We look to Buy at 108.03 (stop at 107.73)
Broken out of the Head and Shoulders formation to the upside. Selling posted in Asia. Intraday, and we are between bespoke support and resistance 108.03-109.15. The formation has a measured move target of 110.20. Trend line resistance is located at 108.87. Expect trading to remain mixed and volatile. Preferred trade is to buy on dips. Intraday signals are far from strong.
Our profit targets will be 108.85 and 110.20
Resistance: 108.85 / 110.00 / 110.20
Support: 108.03 / 107.65 / 107.50
Order cancelled
Day trade idea - cancelled. 10 new reports posted
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