FxWirePro
Long

USD/JPY faces strong support at 118.6, jump till 120 is possible

FX:USDJPY   U.S. Dollar/Japanese Yen
314 2 9
Harmonic pattern formed- Bullish Gartley pattern

Potential Reversal Zone (PRZ) -119.15

The pair has retreated after making a high of 120.98 yesterday. It’s major support is around 118.60 (Sep 4th low) and any further weakness only below that level.

Break below 118.60 will drag the pair further down till 118.20/117.90.

The intraday minor resistance is around 119.40 and any indicative break above will take the pair till 119.77/120.02/120.50.

It is good to buy around 119.10 with SL around 118.59 for the TP of 119.80/120.35
ForexisbizFib
a year ago
Thanks
Reply
Josphat89
a year ago
Good idea..:)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out