USDJPY – Down
On the daily chart above,USDJYP broke down below a key support zone (109.07-108.50) then declined steadily up to a key line 105.55,price got rejected and is currently correcting to (109.07-108.50) and I expect a rejection of it at the zone to enter short position with my take profit at 105.55 and stop loss around 110.16.If price breaks below 105.55 then wait for a correction to it before you sell USD,in case there’s a clear breach above (109.07-108.50) with a big green candle, wait for a retracement to the zone before you enter long positions with your target around 114.32
Wait for a correction to (109.-07-108.50) then sell USDJPY with your take profit at 105.55 and stop loss around 110.16.
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