TraderAvDM
Long

USDJPY Consolidating at CRUCIAL SUPPORT: Potential BUY

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is consolidating at the Support area for the last few days. So, it would be interesting to see if USDJPY manages to stage a comeback this week. Like with any other JPY pairs, the main driver is going to be the Global Risk Sentiment. I expect risk sentiment to get a little better this week because of the recent trade deals with Mexico.
Besides, recent Dollar sell-off on account of Rate Cut related assumptions which are a bit overdone in my opinion.
So, depending on BULLISH PRICE ACTION in the support area , traders can look for BUYs at 108 with SL below 107.70.
TPs can be set at 109 and 110 respectively.
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