Hi everyone. My last bull signal ended up reaching the second TP price of 123.825, hopefully you followed through and were able to make some profits!
I am still bullish on the pairing and changing my previous third TP price into a new buy entry.
As you can see on the chart above, USDJPY has made small, stagnant movements between the prices 123.700 -123.900 for the last couple of days gaining momentum to breakout either way. I am still bullish on the pairing with a entry price of 124.150 or .25 on the Fibonacci scale and a TP price of 124.700. I have resistance set for 125.100. A price of 123.600 - 123.400 invalidates this signal and it will more than likely go into a sell.
If the price can reach the resistance zone we will more than likely see USDJPY go onto highs of 129.000 prices last seen in 2015.
Be sure to like this post and let me know what you think in the comments below.
I am still bullish on the pairing and changing my previous third TP price into a new buy entry.
As you can see on the chart above, USDJPY has made small, stagnant movements between the prices 123.700 -123.900 for the last couple of days gaining momentum to breakout either way. I am still bullish on the pairing with a entry price of 124.150 or .25 on the Fibonacci scale and a TP price of 124.700. I have resistance set for 125.100. A price of 123.600 - 123.400 invalidates this signal and it will more than likely go into a sell.
If the price can reach the resistance zone we will more than likely see USDJPY go onto highs of 129.000 prices last seen in 2015.
Be sure to like this post and let me know what you think in the comments below.
Trade closed: target reached
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Related publications
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.