USDJPY at major H4 key level
Price is currently hovering around our major key level support of 106.600. This level has been tested many times as resistance. Will this price zone hold for a buy or sell opportunity? We will enter a buy position if price holds this area and makes a confirm uptrend with a take profit around 108.450. If the price breaks this support level, we will look for sell opportunities with take profits at 105.825. We are more sell bias on this pair because price has broken below the 200 EMA.
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