UsdJpy bullish
USDJPY110.5 has acted as both very good support and resistance in the past.
We expect price to bounce of the support level and continue higher.
We are bullish on UsdJpy up until price significantly closes below the 110.5 region.
Note
Trade playing out well.
Risk averse traders can move their stop loss to break even.
Trade closed: target reached
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.
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.