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.Note
Quite a bit of support at the 110.10 area now, at least 4 rejections, still in with the long.
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.