USDJPY BEARISH TO THE STRONG SUPPORT @108.90
Updated
The major resistance zone at 114.350 has been held for 2 months with support zone at 108.9
On medium term, traders looking to get involved in the recent bearish, we can look for possible trading opportunities on weak pullbacks back into 110.7 which now should act as support.
Support/Resistance Area:
R2 : 112.20
R1: 111.60
S1: 110.10
S2: 108.90
There is a bearish hidden divergence on H4
Daily Chart
On medium term, traders looking to get involved in the recent bearish, we can look for possible trading opportunities on weak pullbacks back into 110.7 which now should act as support.
Support/Resistance Area:
R2 : 112.20
R1: 111.60
S1: 110.10
S2: 108.90
There is a bearish hidden divergence on H4
Daily Chart
Trade closed: target reached
congrats 180 pips!!
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