USDJPY LONG 108.495
Price made a low of 108.428 on the 4th Dec. and then rallied making 3 consecutive HH's before retracing back to the current low of 108.43 [Today's Low]. 108.495 is the Low of Friday, this stands as our preferred Buying price in the USDJPY.
A trade back above the 108.495 will trigger our long entry position, and the stop loss will be below 108.40.
Our Target is 109.35.
Trade active
Note
108.64 Stands as the next barrier. above it we should see 109.28Trade closed manually
For those following this usdjpy trade, Long closed at 108.74. SHort Opened. Failure reversal
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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.