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U.S. Dollar / Japanese Yen
Long

USD/JPY - Trendline Breakout with Potential Buy Opportunity

104
"USD/JPY has just broken out of a trendline resistance. I have identified a green zone as a support level below. My idea is that if the price pulls back to this support zone, we could see buyers step back in, offering a strong opportunity to go long and push the price higher. Waiting for confirmation of a bounce in this zone before entering a long position.
WaveRiders2
WiVERIDERS
Also on:
Beyond Technical AnalysisChart PatternsForexforexsignalsjpyTrend AnalysisUSDUSDJPYDJ FXCM Indexyen

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.
Beyond Technical AnalysisChart PatternsForexforexsignalsjpyTrend AnalysisUSDUSDJPYDJ FXCM Indexyen
WaveRiders2
WiVERIDERS
Also on:

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.