Get started
financialmarketsalgorithms

USDJPY- Support near 112 area broken- Targets 110.5/109

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
financialmarketsalgorithms Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators
0
0
trendanalysis chartpattern indicator
USDJPY has broken important technical levels @ 112. Targets are 110.5/109. Break of 107.5 will put security in firm downtrend. Stop for this trade around 114.5. Fundamental news is JPY bullish with the BOJ attempting to push up yields.
Comment:
Target 1 achieved. Revise SL to 113
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.