A high probability bullish setup on the USD/JPY based on a mid-band bounce of the bollinger band on the daily charts. This will be a trend continuation for the dollar against safe haven currencies amidst reduced risk sentiment in the global markets and weak eurozone figures.
The 107.24 price level provides a good level to vet for bullish entries that are set to mature around the 108.98 region the daily 61.8 fibonacci price retracement level on the daily charts. Market technical structure based on historic price action , also strongly supports this move
The 107.24 price level provides a good level to vet for bullish entries that are set to mature around the 108.98 region the daily 61.8 fibonacci price retracement level on the daily charts. Market technical structure based on historic price action , also strongly supports this move
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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.