MtxTrader

USDJPY 1h Gap + Bounce off Support Area

FX:USDJPY   U.S. Dollar / Japanese Yen
This is a setup very similar to last week, as last week's gap opened around 114.50 and I called that fill as well.

After last week's gap, price dropped to the nearest major support area and then bounced up to close gap later in the week.

Similar thing happening now, question is will price first drop to high 112s or fill the gap up from current price (As I'm writing this).

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.