USDJPY - Potential Set-up
Updated
Price has reached an area of strong support on both Daily and Weekly time frames (blue area), with a retracement of 38.2% and a channel forming.
Once this channel breaks, then a good strong move up could form to 115.xx or even upto 118.xx
Once this channel breaks, then a good strong move up could form to 115.xx or even upto 118.xx
Trade active
Bought at 111.070 on B/O of channel.Comment
Quite a bit of support at the 110.10 area now, at least 4 rejections, still in with the long.Disclaimer
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