USD/JPY Possible Long Trade
The U/J is currently at a strong support level.
While the overall trend is still DOWN, there might be chance to get some pips on the Long side if the price can make a bounce from the support level and breaks the downtrend on a lower timeframe like 4H or 1H Chart.
A Target level in this scenario could be close to the upper line.
(This is no Trading recommendation just the way I see it.)
While the overall trend is still DOWN, there might be chance to get some pips on the Long side if the price can make a bounce from the support level and breaks the downtrend on a lower timeframe like 4H or 1H Chart.
A Target level in this scenario could be close to the upper line.
(This is no Trading recommendation just the way I see it.)
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.