Get started
DLavrov

USDJPY Buy Opportunity

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
DLavrov Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Support and Resistance Technical Indicators USDJPY Forex
59
6
trendanalysis supportandresistance indicator usdjpy forex
The price bounces from the cloud of Ichimoku indicator. RSI confirms price reversal. DMI allows opening long trades. Pending orders for buy can be placed at 107.20 level with stop orders at 106.85 level. Profit target are 108.00 and 109.00 resistance levels. For confirmation the upward movement, it's better to wait when ADX line moves above 20 and DMI becomes bullish.
Comment:
The price breaks the uptrend lines. The buy orders should be removed. The market gives a new short opportunity.
💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD

📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit

💎 Share My BEST Trades here 👉 bit.ly/wubits
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.