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GIgor_021

USDJPY: optimistic long scenario

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
GIgor_021  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Supply and Demand Beyond Technical Analysis usdjpylong fear Coronavirus (COVID-19) riskreward like comment followme
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supportandresistance supplyanddemand beyondta usdjpylong fear coronavirus riskreward like comment followme
Due to fear around coronavirus japanese yen as safe-haven currency is strengthening...

...however Japanese economy is technically in recession and USDJPY has been moving north.

Entering the market between 110.1-109.23 price zone with 113 T/P level provides decent opportunity for joining bulls.

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