Hello Traders,
Hope you all are doing good!!
USDJPY pair most probably touch 108 level, if not 107.35 before going down further.
TP1@ 107.35 - 107.5 -----> 200MA & 200EMA lyig at this level
TP2@ 107.8 -----> Last week Pivot yet to be touched
I am here predicting USDJPY to go up.
Reasons:
1) Pair just got classic Bullish Divergence at 106.65 level.
2) This week pivot will be around 107.
3) Last week pivot didnt touched by the price yet.
4) Price recently tested the trend line support and bounced back.
5) The fib retracement ratio of 23.6% around TP1 & 38.2% around TP2.
** TP2 will be open only if the pair breaks te 200MA.
Please follow, like and comment if you like my analysis.
Disclaimer: This is just my trading idea. Please do your own analysis before opening any position.
Hope you all are doing good!!
USDJPY pair most probably touch 108 level, if not 107.35 before going down further.
TP1@ 107.35 - 107.5 -----> 200MA & 200EMA lyig at this level
TP2@ 107.8 -----> Last week Pivot yet to be touched
I am here predicting USDJPY to go up.
Reasons:
1) Pair just got classic Bullish Divergence at 106.65 level.
2) This week pivot will be around 107.
3) Last week pivot didnt touched by the price yet.
4) Price recently tested the trend line support and bounced back.
5) The fib retracement ratio of 23.6% around TP1 & 38.2% around TP2.
** TP2 will be open only if the pair breaks te 200MA.
Please follow, like and comment if you like my analysis.
Disclaimer: This is just my trading idea. Please do your own analysis before opening any position.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.