USD/JPY H4 - Temporary Long
Price has massively sold off these past few days. USDJPY now approaching previous support forming a double bottom. If we find a strong rejection from this support, we can look for temporary longs to the .382 fib retracement for ~40 pips. Let's wait for confirmation.
Entry: If price action allows, ~107.150
SL: 106.915
TP: 107.550
Entry: If price action allows, ~107.150
SL: 106.915
TP: 107.550
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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.