Layne_LV
Long

USD/JPY TA 1/7/19 109-110 region next

FX:USDJPY   U.S. Dollar / Japanese Yen
Next up we have USD/JPY after the recent flash crash I feel like we should let the market chill out a bit and sit on our hands. I personally feel a 109 retest is coming soon and we can capitalize on a potential bounce or break set up. If we break the descending trend line 110 will be met rather quickly. If we bounce off the descending trend line my next downside target would be 107.

also posted in my free chat -> t.me/alchfx

Let me know what you think about my idea :]
Free Forex Telegram-> https://t.me/alchfx

VIP Trading Room-> https://alchfx.com

Instagram-> https://instagram.com/forexblogger

Youtube-> https://youtu.be/8f1-SI6XBdg

/\Daily Uploads /\

Comments

Great idea on usdjpy, glad that we have the same bullish bias. Please take a look at our idea and let us know what you think.

Reply
@FXCM-EDU, I like your TP but I feel your SL is to big for my liking.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out