USDJPY - Possible retrace
PAIR IN FOCUS: USDJPY
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM
Price has reached the upper bounds of a descending wedge and could possibly retrace downward from here. Stop Loss is place above the upper bound, with TP targets at S/R levels.
TP 1: 106.620
TP 2: 106.460
TP 3: 106.300
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM
Price has reached the upper bounds of a descending wedge and could possibly retrace downward from here. Stop Loss is place above the upper bound, with TP targets at S/R levels.
TP 1: 106.620
TP 2: 106.460
TP 3: 106.300
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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.