Uptrend & Major Horizantal Support Level Breakout

FX:USDJPY   U.S. Dollar / Japanese Yen
Target is included.
Trade closed: target reached: Congrats!
Your target might be too far because there is a serious support around the 118.90 to 118.70 area created by a monthly pivot S2 at 118.89 and 88.6% fibonacci at 118.71. It might be a temporal support but can you afford the wait for just an extra 40 - 60 pips. I have only just checked for support on this currency and will only do a detailed analysis once by 118.9 is reached as that might be the beginning of a right shoulder.
+1 Reply
Bandarsq kwaziphungula
It seems we are getting closer :)
Congrats for reaching target, it's time to hunt for that reversal, the US has released some good news and the market has not reacted to it yet.
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