Since the top on the 8th of March, UsdJpy has dropped around 900 pips with every rally being sold in this short period.
However, this drop seems to have stopped on Friday with a Pin Bar marking the day, but more importantly, a reversal from under important 130 figure.
Since then the pair is consolidating and, more importantly, looks ready for a reversal.
I'm bullish on this pair as long as Friday's low is intact and as for the target, 135 zone resistance could provide a good R: R for a buy trade.
However, this drop seems to have stopped on Friday with a Pin Bar marking the day, but more importantly, a reversal from under important 130 figure.
Since then the pair is consolidating and, more importantly, looks ready for a reversal.
I'm bullish on this pair as long as Friday's low is intact and as for the target, 135 zone resistance could provide a good R: R for a buy trade.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.