USDJPY 30min Analysis February 18th, 2021
Price is forming a nice descending wedge into our key structure zone. We are looking for price to rebound off 105.700 with strong bullish pressure. We will wait for price to break out of the wedge and then a quick retest. We will look to enter on strong bullish setups around 105.800, first targeting previous highs around 106.150
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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.