Trade Alert
Prepare to position yourself to capture a move in USDJPY.
We need to see a break and a close above or below the highlighted areas.
A break above the 110.25 could interest the bulls in driving this pair towards higher levels. This could open the path towards 111.40, a break of which, could take USDJPY towards the long-awaited 112.00 mark.
On the downside, a move below the 109.20 and then the 109.00 levels, could put the bears back into the driver's seat and we could see a slide towards the 108.10 zone for a quick test.
Always have your SL in place!
Prepare to position yourself to capture a move in USDJPY.
We need to see a break and a close above or below the highlighted areas.
A break above the 110.25 could interest the bulls in driving this pair towards higher levels. This could open the path towards 111.40, a break of which, could take USDJPY towards the long-awaited 112.00 mark.
On the downside, a move below the 109.20 and then the 109.00 levels, could put the bears back into the driver's seat and we could see a slide towards the 108.10 zone for a quick test.
Always have your SL in place!