U.S. Dollar / Japanese YenUpdated USDJPY Trade Idea
In the recent analysis. I expected price to 103.700 resistance zone for bearish continuation towards 103.000, which was exactly what the market performed. Today's setups will fairly simple, we want to see price clearly violates 103.000 level strongly due to the wide range with 102.000 as our target. If the downwards breakout is weak, be cautious of possible fakeout scenario as there's where bunch of buy limits/ SL piling up, back towards 103.700.
Trade safe.
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Trade safe.
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Note
Previous analysis
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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.