USDJPY Triple bottom, long positions
USDJPY has formed a triple bottom, hugely respecting the 111 level. We also have a fibonacci 61.8% on 110.4, so the zone 110.4-111 works as a really strong support. The price is also respecting the TL from 2013, making the current zone really strong and the pair would need a huge momentum to push the price below these levels.
The TPs are based upon fibonacci and resistance from 2001.
Entry: 112.4
SL 110.2
TP1: 116.2
TP2: 117.5
TP3: 119
The TPs are based upon fibonacci and resistance from 2001.
Entry: 112.4
SL 110.2
TP1: 116.2
TP2: 117.5
TP3: 119
Related publications
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.