U.S. Dollar / Japanese YenUpdated Stuck Between a Rock and a Hard Place
Unsure as to where price will go. Looking for a breakout of the trend lines to confirm a buy or sell. Doesn't look like there would be much room to the upside, but who knows in these markets. A breakout to the downside should been a smooth ride until the 108 level where there is some support. Wait for confirmation. I'm expecting a breakout during the London session, or early in the New York session. Wouldn't be a bad idea to have some buy/ sell orders that would confirm a breakout. Trade at your own risk
Note
Looking at the TP1 for the downside after a trend break
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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.