USDJPY Daily - update
hello.
As of Wednesday's candlestick, we can be suspicious about the reversal. Better not to get a long position unless the pair stays on top of the supportive level (110.300 – 110-400).
If you want to go long, put your stop loss at 110.140
The pair can decline to 109.5 but I expect at least 180pips bullish move after that. And if the pair doesn't go higher than that you can expect it'll meet 108.4 and 106.8 then a bounce after reaching those levels.
Last analysis about the pair:
As of Wednesday's candlestick, we can be suspicious about the reversal. Better not to get a long position unless the pair stays on top of the supportive level (110.300 – 110-400).
If you want to go long, put your stop loss at 110.140
The pair can decline to 109.5 but I expect at least 180pips bullish move after that. And if the pair doesn't go higher than that you can expect it'll meet 108.4 and 106.8 then a bounce after reaching those levels.
Last analysis about the pair:
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