USDJPY – Down
The key levels on this chart include 108.440, 111.868 and 114.126. While the price is contained within 108.440-111.868, we’re waiting for a reversal from either 108.440 to pick a buy, or a bounce from 111.868 to pick a sell. Since the previous week’s candle was a bullish pin bar, we’re expecting a rise towards 111.868, and should price breakout above this level, I’ll expect a momentum towards 114.126, and should price breakout below 108.440, then this will be a good place to look for a sell.
Buy from 108.440 usdjpy with your take profit at 111.868.
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