Expecting USDJPY to go into a buy if it can stay above Sunday's opening gap price of about 131.000.
The price has been bouncing between resistance price 131.500 and support price 130.500 so a break above 131.500 should be a good signal for a long.
Buy Entry: 131.700
Targets: 131.880 | 132.000 | 132.165 | 132/360 | 132.530 | 132.700
Resistance: 132.850
Support/Stop Loss: 130.500
Be sure to like this post and let me know what you think in the comments below
The price has been bouncing between resistance price 131.500 and support price 130.500 so a break above 131.500 should be a good signal for a long.
Buy Entry: 131.700
Targets: 131.880 | 132.000 | 132.165 | 132/360 | 132.530 | 132.700
Resistance: 132.850
Support/Stop Loss: 130.500
Be sure to like this post and let me know what you think in the comments below
Comment:
Two bull fake outs yesterday, followed by some retracement down to the support area without breaching it. I'm expecting trade to complete by the end of the week.
