Skandhatrade

#USDJPY short time Buy!

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
#USDJPY Price is trading support Area zone and its moving to next supply area and the bullish engulfing candlestick was formed in 1hr timeframe once break the candle its will move to the supply area

Why we like it:
Buy at the support area
Price Trading support area
moving to the next resistance area
bullish candlestick formed


1st support:
109.600
Next Zone area & horizontal swing Low support

2nd support:
109.400
Next Zone area & horizontal swing Low support

1st Resistance
110.086
Zone area & horizontal swing high resistance

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.