USDPJPY - Short
Have a Key Resistance Zone between 111.850-112.000. Will require bearish PA confirmation around this zone before short setup is anticipated.
We anticipate a potential target of 111.250 with two management targets in place:
Management Target 1: 111.550
Management Target 2: 111.400
Stop Loss: Above 112.150 (Dependent on Entry)
If price breaches and closes above 112.150 then the trade setup is no longer valid.
We anticipate a potential target of 111.250 with two management targets in place:
Management Target 1: 111.550
Management Target 2: 111.400
Stop Loss: Above 112.150 (Dependent on Entry)
If price breaches and closes above 112.150 then the trade setup is no longer valid.
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.