Hello traders, USD/JPY
is trading at 110.78. The price is reversing from support levet and consolidating in the resistance and support wedges
from sometime. If the price breaks the resistance level
at 110.90 then it can start a new up trend and then its targets will be first target at 111.11 and second target at 111.34.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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