USDJPY made a strong drop in price and is about to reach the overnight demand zone (overnight means that the zone was created outside of the London-New York Trading Session). The overnight demand zone is also in alignment with market structure and is looking good for a 1:1 trade (scalping).
Trade closed: target reached
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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.