JonathanSim

IS USD/JPY finally going to break 114.5??

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi Mates,

I'm sure you have noticed a major confluence of resistances at 114.5 for UJ. A clean break (D1 or W1 candlestick close above this level) is required to propel it to 115.5, or possibly even 116.0-116.8.

I'm LONG on this one, as DXY has yet to retrace to 38.2% from the lows of September 2017. I had set a long trade BUY STOP at 114.6!

Best of luck, and many profits to all!

P/S Please exercise due diligence and risk-management in trading.
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.