As per our weekly forecast commentary, UsdJpy formed an inside bar on the weekly charts. Yesterday it formed an inside bar on the daily graph and a breakdown lower to test the breakout line. (Previous resistance – Now Support). Buy at current levels 109.85 and stop loss 108.59 and take profit 112.69. Good risk reward ratio
Trade Smart. Manage Risk. Master Patterns – Your Trade Buddy
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Trade Smart. Manage Risk. Master Patterns – Your Trade Buddy
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.