U.S. Dollar / Japanese YenUpdated usdjpy retrace before drop?
With 100-101 level being a very strong support from 1992, 2004-2005, there is a very likely chance we could see a retraacement to the 101 level before reaching the next support at 95.000 area. if so there is very likely possibility to get in on a short at the 101 level. (see other trades for short idea)
Note
take profit 1- 98.84take profit 2 - 95.70
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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.