USDJPY Trade Idea
UJ is currently in a range bound condition where the price action is choppy. However, we are beginning to see a squeeze formation with higher lows sequence below the 103.70 resistance zone. Will be looking for short-term long opportunities if the 103.70 resistance is broken, with 104.70 as the primary target. However, if the pivot trendline is broken, we could expect the price to re-test the 103.00 daily low.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast.
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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.