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ThinkingAntsOk
Oct 28, 2020 12:37 PM

USD/JPY Break or Bounce? 

U.S. Dollar/Japanese YenFXCM

Description

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🔸DAILY CHART EXPLANATION:
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🔸Price is facing the Support Zone that has been tested multiple times.
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🔸We are waiting patiently here for a confirmation before considering a trade on this pair.
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🔸In case of the Bullish Scenario, we are waiting for a clear rejection at the zone and then for a bullish corrective structure on a lower timeframe. The target is the Resistance Zone.
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🔸And, for the Bearish Scenario, we are waiting for a breakout to the downside and for a bearish corrective structure. The target is the Support Zone.
Comments
ProjectSyndicate
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perfect perfect. nice technical setup
re-test of key S/R level. maybe we get
a decent dump later!
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