TraderMozo

USDJPY - Possible retrace

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
PAIR IN FOCUS: USDJPY
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM


Price has reached the upper bounds of a descending wedge and could possibly retrace downward from here. Stop Loss is place above the upper bound, with TP targets at S/R levels.

TP 1: 106.620

TP 2: 106.460

TP 3: 106.300

Comments

I'm bullish on JPY as well
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