USDJPY is currently trading at its lowest in 2 month period. Weaker than expected U.S. data brings this pair in view of further decline.
If breaks 109.9, likely bearish to 108.8 - keeping levels in mind:
S1 109.90 S2 109.40 S3 108.80
R1 110.35 R2 110.80 R3 111.20
Personal analysis only. Please use your own rules & strategies prior to entering market.
If breaks 109.9, likely bearish to 108.8 - keeping levels in mind:
S1 109.90 S2 109.40 S3 108.80
R1 110.35 R2 110.80 R3 111.20
Personal analysis only. Please use your own rules & strategies prior to entering market.
Trade active:
Entry target hit. Trade activated @ 109.95. T/P @ 108.97.
Comment:
Watching for break of 110.2 - possible drop to 109.8404. Below this, possible drop to 109.50
Comment:
Broke 110.2
Trade closed manually:
Decided to close trade before opening of London session. Took T/P @ 109.836.
P/L = +11.4 PIPS
"Take a profit and live to trade another day."
"Plan your trade. Trade your plan."
P/L = +11.4 PIPS
"Take a profit and live to trade another day."
"Plan your trade. Trade your plan."
Until then, possible switch to riding the waves to catch profit in Bullish momentum as well. Taking a "wait and see" attitude at this time. Am seeing this as Bullish over shorter term and Bearish over longer term.