USD|JPY - Short Opportunity
There is an opportunity to short the USD|JPY on the break of the low of 108.991, confirming the commencement of a new bearish trend.
- Short entries may be initiated now or on the break of 108.991
- Stop Losses should be above the last swing high of corrective 109.280 (Red Horizontal); the first Lower High of the recent uptrend.
- Target Point A: 107.023 (Green Horizontal)
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (blue.)
- Short entries may be initiated now or on the break of 108.991
- Stop Losses should be above the last swing high of corrective 109.280 (Red Horizontal); the first Lower High of the recent uptrend.
- Target Point A: 107.023 (Green Horizontal)
All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (blue.)
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.