Looking at a potential trend continuation around the 111.000 area. Daily chart indicates we are bearish with downsides towards 106.000 area. This indicates we have room to hop on the downtrend we are currently in. Recently the 111.000 area has held strong support on 3 occasions. There is a good probability it could hold as resistance if price gets there again....
Hello USDJPY struggle to go up, he face a resistance we will see a correction down before JUMP LONG again Trade safety
USDJPY After this pair broke out of a triangle price is now retesting the bottom TL of the triangle and price is in a good sell zone. Sell the break of the yellow TL. TP 1 110 TP 2 108.5 SL 2 pips + spead above last high before the break.
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Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. I see USDJPY sitting at the resistance zone which combine WR2 and DR2 pivot point cluster. This might be seen as potential take profit zone and zone where bears would sell.