USDJPY Trade Idea
In the previous analysis, I mentioned the 109.80 as a key resistance zone, seems like market has broken above it. In today's trading session, I would still pay attention to how price reacts at the current price zone as the upwards breakout wasn't strong enough. I will be looking for possible retracement entries at the 109.80 support zone, the nearest resistance is at the 111.50 zone. If it is a probe scenario, that could send UJ back towards the 108.20 area.
Trade safe and be flexible.
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Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.
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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.