A tricky situation on USDJPY
Updated
Prices have been attempting to break above the 144.300 level without success so far. Currently, there is some selling pressure, but we anticipate that this will be short-lived, potentially trapping sellers in this position.
If prices do manage to break through the 144.300 level, the next target is likely around 145.000.
We'll be monitoring the M15 timeframe for a potential entry and will provide updates as the setup unfolds.
If prices do manage to break through the 144.300 level, the next target is likely around 145.000.
We'll be monitoring the M15 timeframe for a potential entry and will provide updates as the setup unfolds.
Note
Since posting, there has been extended selling activity, but buyers have now regained momentum. Our long bias remains intact, and we're still focusing on M15 buy setups.Trade closed: target reached
Took longer than expected, USDJPY has eventually reached it's target. On to the next one!
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