USDJPY: Has bears taken over UJ?
Updated
Dear Traders,
USDJPY reached the maximum bullish exhaustion point, currently the consolidation phase is going on expecting huge volume coming on tomorrow. Sellers will likely to dominate in this month as corrections on all JPY pairs will begin in soon time. Meanwhile, We will be focusing on targeting the ‘target one’ and then we will update the chart idea to alert you all. Focus on keeping the stop loss around 100-120 pips max since it is swing entry stop loss will be greater and so the take profit; overall we are targeting 700 pips.
Good luck and trade safe!
USDJPY reached the maximum bullish exhaustion point, currently the consolidation phase is going on expecting huge volume coming on tomorrow. Sellers will likely to dominate in this month as corrections on all JPY pairs will begin in soon time. Meanwhile, We will be focusing on targeting the ‘target one’ and then we will update the chart idea to alert you all. Focus on keeping the stop loss around 100-120 pips max since it is swing entry stop loss will be greater and so the take profit; overall we are targeting 700 pips. Good luck and trade safe!
Trade active
260+ PIPS As we had explained that price will drop heavily. Close 50% of your positions!
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