jasperlawler
Short

USDJPY: 114.5 to hold as resistance for now

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Dollar yen is in an uptrend on daily charts - but has formed a doji star reversal at 114.5, major weekly resistance

Scenario A) Bearish weekly pattern dominates and a rebound stalls at 113.5 to target 122.2
Scenario B) Uptrend dominates, 113.5 break leads to break above 114.5
Oct 11
Trade closed: target reached: Scenario A hit 112.2 target
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