primary set up for buy or long position.
Waiting to complete Re-Test.
The retracement can take up to a day
for a clean re-test pattern; being is key.
This trade will test your psychological aspect
Secondary Trade Set Up for BUY or LONG POSITION
Wait for a Re-Test
USDJPY is currently trading at its lowest in 2 month period. Weaker than expected U.S. data brings this pair in view of further decline.
If breaks 109.9, likely bearish to 108.8 - keeping levels in mind:
S1 109.90 S2 109.40 S3 108.80
R1 110.35 R2 110.80 R3 111.20
Personal analysis only. Please use your own rules & strategies prior to entering market.
