Trading-Log
Long

USD/JPY Intraday: bullish bias above 108.20.

FX:USDJPY   U.S. Dollar/Japanese Yen
218 2 2
Pivot: 108.20

Our preference: long positions above 108.20 with targets @ 109.40 & 109.90 in extension.

Alternative scenario: below 108.20 look for further downside with 107.40 & 107.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
110.70
109.90
109.40
108.743 Last
108.20
107.40
107.00
TradZ
6 months ago
True, great analysis:)
Reply
Trading-Log TradZ
6 months ago
Thank you!
Reply
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