USDJPY | Long Position Long

USD/JPYOANDA

Description

⋅ Mar 10, 2022 11:01 AM

Considering the bullish price action as well as the bounce from trend line support and the Fib. level of 100%, a long position can be opened targeting the profit at Fib. level of 127.2%.

Trend Analysis USDJPY

Comments

Nico-

⋅ Mar 10, 2022 12:25 PM

Also long on UJ, I am looking at the 116.350 area as possible target.

hsnumr

⋅ Mar 10, 2022 5:06 PM

@Nico-, Great, that's a possible level too. There is an hourly resistance around 116.350 based on 4-jan and 10-feb candlesticks.