Price is moving in a descending channel and just bounce off a significant support level breaking above the down trend trend line, presenting a long opportunity with a short term target at 104.890.
The real catch though, is the short opportunity USDJPY may present from the 105.000 region. This is where I'll be taking my shorts, with targets at 104.600 and 104.000, placing stops at 105.501. Check the risk to reward ration.
N.B. This is not by any chance financial advice or a trading signal. Further individual analysis adviced.
The real catch though, is the short opportunity USDJPY may present from the 105.000 region. This is where I'll be taking my shorts, with targets at 104.600 and 104.000, placing stops at 105.501. Check the risk to reward ration.
N.B. This is not by any chance financial advice or a trading signal. Further individual analysis adviced.