1. USDJPY BREAKS 123.80 (PREVIOUS SUPPORT) and now today USDJPY Pull Back and retest the structure 2. The Retail Sales Data make a pin bar at the 123.80 level and did not closed above. 3. RSI is oversold. 4. The 123.80 is the 0.618 Retracement 5. Entry at 123.55, stop above 124.20 (the spike) First Target : 122.50, Close Half Position 2nd Target: 120.80 , Close another Half Position
Comments
ElizaBay
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What's your view on USD/JPY next?
dbtt.fxforecast
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Agree totally with this short!
IvanLabrie
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Wise man. I have the same first target for partial tp...the second lies lower, under 120...aiming for 118-119.35