USD/JPY TA 1/7/19 109-110 region next Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jan 8, 2019 12:11 AM

Next up we have USD/JPY after the recent flash crash I feel like we should let the market chill out a bit and sit on our hands. I personally feel a 109 retest is coming soon and we can capitalize on a potential bounce or break set up. If we break the descending trend line 110 will be met rather quickly. If we bounce off the descending trend line my next downside target would be 107.

also posted in my free chat -> t.me/alchfx

Let me know what you think about my idea :]

Comments

FXCM

⋅ Jan 8, 2019 4:07 AM

Great idea on usdjpy, glad that we have the same bullish bias. Please take a look at our idea and let us know what you think.

Layne_LV

⋅ Jan 8, 2019 5:12 AM

@FXCM-EDU, I like your TP but I feel your SL is to big for my liking.