BREAKOUT TRADE
USD/JPY May fall 50-100 pips
Price moving in a downwards trend then pulled back slightly at support 107.02 and is heading towards resistance at 108.12. Price should reject resistance back down beyond the support to continue the trend.
Intraday - 4H
Trade: Sell
Entry 106.68
Sell or Below: 107.02
Target TP: 106.15 & 105.45
Pivot and Support 107.02
Alternative scenario:
Trade: Buy
Bur or Above: 108.12
Target TP: 108.80 & 109.35
USD/JPY May fall 50-100 pips
Price moving in a downwards trend then pulled back slightly at support 107.02 and is heading towards resistance at 108.12. Price should reject resistance back down beyond the support to continue the trend.
Intraday - 4H
Trade: Sell
Entry 106.68
Sell or Below: 107.02
Target TP: 106.15 & 105.45
Pivot and Support 107.02
Alternative scenario:
Trade: Buy
Bur or Above: 108.12
Target TP: 108.80 & 109.35