I have come up with a short-term signal based on USDJPYs movement since Sunday's opening.
The pairing finally broke the previous low of 127.400 and broke the previous high of 127.950 after weeks of going back and forth in range.
Potential Buy Entry: 126.700
TP: 127.230 | 127.460
Resistance Zone: 128.000
Potential Sell Entry: 126.350
TP/Support Zone: 126.000
If the pairing rises above the resistance zone we can expect more bullish movement. If it drops below the support zone we can expect more bearish movement.
Be sure to like this post and let me know what you think in the comments!
The pairing finally broke the previous low of 127.400 and broke the previous high of 127.950 after weeks of going back and forth in range.
Potential Buy Entry: 126.700
TP: 127.230 | 127.460
Resistance Zone: 128.000
Potential Sell Entry: 126.350
TP/Support Zone: 126.000
If the pairing rises above the resistance zone we can expect more bullish movement. If it drops below the support zone we can expect more bearish movement.
Be sure to like this post and let me know what you think in the comments!
Trade closed: target reached
