USD/JPY is following a dynamic resistance trendline since July 2020, and it's there now.
Here, we have the opportunity to earn $12,000+ (trade size:10,000) in profit. A short position can initiate the dynamic resistance or below for the target price of 105.6. That's for day traders!
If you have expected something bigger from this call, I recommend holding it for the short-term. And for a short period holding, USD/JPY should breakdown the consolidation area's support trendline to hit the following target prices.
Targets: 105.06 - 104.80 - 104.06 - 104.3
Here, we have the opportunity to earn $12,000+ (trade size:10,000) in profit. A short position can initiate the dynamic resistance or below for the target price of 105.6. That's for day traders!
If you have expected something bigger from this call, I recommend holding it for the short-term. And for a short period holding, USD/JPY should breakdown the consolidation area's support trendline to hit the following target prices.
Targets: 105.06 - 104.80 - 104.06 - 104.3