USDJPY Daily Analysis 08.01.2019

FX:USDJPY   U.S. Dollar / Japanese Yen
Hello Traders,

The USDJPY has entered into a range. Price is contained in between two lines with support at 108.500 and resistance at 109.000. As long as price remains inside this range, we will look for reversal trades at the S&R-zones.

Now, Price seems to be rejected off of our support. A good target to exit would be a minor resistance inside the range (dotted line) at 108.750.


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