USD/JPY is an uptrend over the past year and although we expect a period of consolidation this pair is one to watch. A breakout of this consolidation period, one way or the other will warrant action.
We will be taking a long position with a break of 124.170 or a short position with a break of 122.330. Either position will have a risk of approximately 180 Pips. Targets will be 150 - 200 Pips.
We will be taking a long position with a break of 124.170 or a short position with a break of 122.330. Either position will have a risk of approximately 180 Pips. Targets will be 150 - 200 Pips.
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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.