USDJPY – Down
Few weeks ago, a clear breakout was seen when USDJPY price went above a resistance zone (108.55-107.74)since then the pair has remained above it, as long as price is not violated to the lower side with a big red candle, I expect a possible buy position now with an ultimate target at 115.55 or even higher. I would advise you buy USD now with your take profit at 115.55 and stop loss below 107.74 but must not be immediately below 107.74.Incase there’s a clear breach below the zone with a big red candle then that would be the ideal time to short USD after a retracement to it.
Buy USDJPY now with your take profit at 115.55 and stop loss below 107.74.
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