USDJPY Long
Marked blue area proved to be a important zone where price reactions were pretty strong in the past. Last few days market is creating higher lows. The green circle I marked is showing accumulation phase followed by strong momentum breakout from 170 zone, showing high buying interest. Currently there is a price pullback back to 107 to the origin of the last buyers/sellers imbalance. Daily/weekly TF also looks like promising uptrend with a plenty of space for price growth.
Entry: 107 buy limit or now for market price
SL: 106.500
PT: 108.500
RRR: 1:3
Entry: 107 buy limit or now for market price
SL: 106.500
PT: 108.500
RRR: 1:3
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.