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BearishBull617

USDJPY Potential 20-30 Pips Before NY CLOSE

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
BearishBull617 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis USDJPY usdjpylong usdjpyanalysis signals wicksdontlie fibsdontlie forexfargo southshoredip analysis
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trendanalysis indicator waveanalysis usdjpy usdjpylong usdjpyanalysis signals wicksdontlie fibsdontlie forexfargo southshoredip analysis
Hey Traders, so I banked a few pips early today from the initial push that got us into the 110 region with this pair.

I am now thinking that we will have another push before market close to get us back toward that 110.150 region right before Asia Session.

I have my weekly Support Level at 108.500.

I have weekly Resistance Level at 110.150.

My thoughts are that we will see a final push from 108.850 to about 110.150.

This is a 3:1 RR ratio.

Entry @ 109.850
Stop Loss @ 109.750
Take Profit @ 110.150

IF, my take profit is hit on this Buy position. Then I will have a sell limit set for 110.150 hoping to catch the decline in prices during Asia Session.

As always, please leave comments, questions, reviews!

Over & Out!
Trade closed: target reached
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