Possible Reversal in Sight for USDJPY
Updated
Liquidity is all around you.
Price is coming into a strong support area. If the bottom isn't already in, then maybe it taps once more
into the downside target zone before reversing up. There are 3 immediate targets. The first has the highest chance of keeping UJ bearish. If it turns over there at Target 1 after making a new low on M15, then this idea could be scrapped.
But i like my chances for a good bounce here.
Price is coming into a strong support area. If the bottom isn't already in, then maybe it taps once more
into the downside target zone before reversing up. There are 3 immediate targets. The first has the highest chance of keeping UJ bearish. If it turns over there at Target 1 after making a new low on M15, then this idea could be scrapped.
But i like my chances for a good bounce here.
Comment
Comment
Trade closed: target reached
Target reached. Can hold for longer as i’m not seeing any signs of this not continuing for now
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