Theperfectionist

Overall view of USDJPY - Update of June 24th's week

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
107.900 level which was attempted several times was finally broken. Bears are putting a lot of pressure, in fact we are more likely to test the low of the year 104.830.

Possible targets: @107.000 (+30pips) and @106.000 (+130 pips).

Advice: Stay bearish and sell at any high points while we don't break the 108.000 top level.
Trade closed: target reached:
@107.000 target was reached followed by a strong reversal.
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.