As shown in the chart, USDJPY has reached resistance. The overextended bull run is about to end.
Traders can look for sell opportunities between 111.95-112.20 with SL above 112.50
TPs can be placed at 111.20, 110.50 and 110 respectively.
Over the course of the next 4-8 weeks, UJ might drop as low as 108 or 107
Traders can look for sell opportunities between 111.95-112.20 with SL above 112.50
TPs can be placed at 111.20, 110.50 and 110 respectively.
Over the course of the next 4-8 weeks, UJ might drop as low as 108 or 107
Trade active
Sold at 112.08Note
Dropped nicely after hitting resistanceTrade closed: target reached
All targets reached. Great trade. +210 pips profit
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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.