As is commonly seen in USDJPY, support becomes resistance. The price has now entered a zone that was previously support, looking for it to hold as resistance.
Also, Stochastic (34, 3, 3) is overbought.
Also, Stochastic (34, 3, 3) is overbought.
Trade closed: target reached
+50 pip profit.
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.
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.