FUNTRADER-Vera
Long

2206 USDJPY buy if the daily support was confirmed

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hello traders,

USDJPY is buliding a support above the red level.
Actaully, it looks like hard for it to drop anymore before making a correction.
There is a chance for it to rally up for 100 pips then drop down to make a new low.
Or if the bulls were stronger than we thought, it would make more than 100 pips by reaching the higher resistance zone .

We suggest to give one-two more days to get a daily confimation before making a move.

Good luck on UJ.
LESS IS MORE!
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Comments

Both pairs are relatively strong this week. My approach would be to wait and see. Less is more. Haha.
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FUNTRADER-Vera Stethostrade
@Stethostrade, yes, better be patient. Less is more!
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Good!
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