Observing the 2-hour chart of USDJPY, a significant support area has been identified. Following a recent bounce from this zone, a buying opportunity has emerged, potentially fueled by news-driven market sentiment.
Trade setup:
Buy zone: 154.200-154.600
Take Profit 1: 155.500
Take Profit 2: 156.500
Take Profit 3: 157.500
Stop Loss: 153.000
Note: News impact may amplify market volatility, so traders should be prepared for potential price fluctuations. A positive news event could further boost the bullish momentum, while a negative event may trigger a reversal.
Trade setup:
Buy zone: 154.200-154.600
Take Profit 1: 155.500
Take Profit 2: 156.500
Take Profit 3: 157.500
Stop Loss: 153.000
Note: News impact may amplify market volatility, so traders should be prepared for potential price fluctuations. A positive news event could further boost the bullish momentum, while a negative event may trigger a reversal.
Trade active
Take Profit 1 Done👍
Set Breakeven at Entry Point and Close 30% Trade.
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Join Our Telegram Channel For Getting Signals and Analysis👇👇
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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.