chow_jiehui

USDJPY set to drop lower?

FX:USDJPY   U.S. Dollar / Japanese Yen
74 views
4
74 0
Bias basis
USDJPY has managed to bounce a few times at support 1 but the recent break, in my opinion, is a clear sign of where the market would be moving towards on a longer term horizon.

My thoughts
1) I'm more in favor of looking for buys near the next buying zone around support 2.
2) Still possible to look for buys along the way but, in my opinion, it is important to manage your expectations of potential TP targets given the strong selling unless a major change occurs.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out