USD/JPY : BULLISH TREND
Price has break resistance at 122.92 and moving on to target 1 at 123.03.
Target 1 has achieve at 123.03, now looking for target 2 at 123.25 and target 3 at 123.61.
TP 1 : 123.03 (Achieve)
TP 2 : 123.25
TP 3 : 123.61
SL at : 122.47
Target 1 has achieve at 123.03, now looking for target 2 at 123.25 and target 3 at 123.61.
TP 1 : 123.03 (Achieve)
TP 2 : 123.25
TP 3 : 123.61
SL at : 122.47
Note
Target 1 and 2 has achieved! TP 1 : 123.03 (Achieved)
TP 2 : 123.25 (Achieved)
TP 3 : 123.61
Note
Now it seems that the price didn't reach the third target level at 123.611 and instead has retraced down to 61.8% Fibonacci at 122.698. If the price breaks the 61.8% Fibonacci, then it will be a bearish downtrend move.Note
Now i believe that USD/JPY is still in UPTREND. Looking forward to hit the third TP target at 123.611Image chart :
Trade closed: target reached
THIRD TP TARGET REACHED!GOOD NIGHT!
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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.