USDJPY is approaching a SUPPORT AREA from where it can BOUNCE HIGHER.
The first SUPPORT is at 109 area and the second SUPPORT lies slightly lower at 108.50.
So, depending on BULLISH PRICE ACTION, Traders can look for BUYs at 108.50-109.10 with SL below 108.40.
TPs can be set at 110.10 and 111 respectively.
A lot depends on the current RISK SENTIMENT in the market. So, keep an eye of US-CHINA trade war-related news and how global equities are performing this week before trading and YEN crosses.
The first SUPPORT is at 109 area and the second SUPPORT lies slightly lower at 108.50.
So, depending on BULLISH PRICE ACTION, Traders can look for BUYs at 108.50-109.10 with SL below 108.40.
TPs can be set at 110.10 and 111 respectively.
A lot depends on the current RISK SENTIMENT in the market. So, keep an eye of US-CHINA trade war-related news and how global equities are performing this week before trading and YEN crosses.