U.S. Dollar / Japanese YenUpdated Dont Trade the Breakout on USDJPY > Trade the Demand Zone
the level of 151.940 should act as demand or support zone it was a resistance level from the monthly time frame where in the price just recently retested the level
the area of 152.750 to 151.940 seems to be the longs area
so i suggest to wait for price to retrace back to demand zone (aligned with DXY)
and then plan the trade
further updates will be posted in comments
the area of 152.750 to 151.940 seems to be the longs area
so i suggest to wait for price to retrace back to demand zone (aligned with DXY)
and then plan the trade
further updates will be posted in comments
Note
we got another rejection from upsideNote
price has retested our zone
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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.