After an extensive rundown of the USDJPY, the pair has rebounded and showing possible sign of reversal on the daily chart by producing a Double bottom pattern with the neckline corresponding with 106.80 area.
The pair close above the neck area of the Double bottom which calls for our interest to go long.
Action: Long position @ 106.97
Targets: 1 @ 108.00
2 @ 109.00
SL @ 106.25
The pair close above the neck area of the Double bottom which calls for our interest to go long.
Action: Long position @ 106.97
Targets: 1 @ 108.00
2 @ 109.00
SL @ 106.25
Trade active
first target achieved @ 108 for 92 pps
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.
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.