We have publsihed a trade setup for the members based on breakout. Trade reached the first target and Anka pulled back to 111.000 – 50 Support of the H4 Chart-
USDJPY is trading at 111.200 as of writing.As seen on the hourly chart we see a formation on the H1 Chart timeframe.
An upsie break of the flag would carry the price 112.000 psychological level.
On the other side,the pair could ease further in the case US Treasury yields retreat, with a break below 110.90 required to confirm additional declines.
Upside: 111.520 111.710 111.900
Downside: 1110.900 110.700 110.500
We will focus on the and will publish the trade idea for the members.