USD/JPY Long Setup: Gap Fill in Focus
A recent price gap on the USD/JPY chart suggests potential for a long position. Given the price gap, we expect a possible gap fill scenario similar to last week, where the price moved to close the gap. This provides an opportunity to enter a long trade, anticipating upward movement with a careful stop loss.
Support Zone: 151.650 - 151.752
Stop Loss: 151.596
Take Profit: 152.878
Trade active
The price has broken the previous candle's high , and with a proper stoploss , we can enter the tradeTrade closed: target reached
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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.
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.