USDJPY is currently at a median point and gathering momentum with the potential to break either way.
Although I am currently bullish on the pair and expecting it reach the previous high of 125.100 and beyond, I have illustrated either scenario based on last weeks trend.
Long
Safe Entry: 123.100 - 123.135
TP: 123.600 | 123.825 | 124.120
Short
Safe Entry: 122.150
TP: 121.300
I have a resistance price of 125.100 and a support price of 121.160.
Be sure to like this post and let me know what you think in the comments below. No trolling please, educational feedback is appreciated :)
Although I am currently bullish on the pair and expecting it reach the previous high of 125.100 and beyond, I have illustrated either scenario based on last weeks trend.
Long
Safe Entry: 123.100 - 123.135
TP: 123.600 | 123.825 | 124.120
Short
Safe Entry: 122.150
TP: 121.300
I have a resistance price of 125.100 and a support price of 121.160.
Be sure to like this post and let me know what you think in the comments below. No trolling please, educational feedback is appreciated :)
Note
Long Safe Entry: 123.000* - 123.135
Note
Buy in motionNote
First TP reached!Note
Second TP reached!
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.