USDJPY Daily - update
hello.
As of Wednesday's candlestick, we can be suspicious about the reversal. Better not to get a long position unless the pair stays on top of the supportive level (110.300 – 110-400).
If you want to go long, put your stop loss at 110.140
The pair can decline to 109.5 but I expect at least 180pips bullish move after that. And if the pair doesn't go higher than that you can expect it'll meet 108.4 and 106.8 then a bounce after reaching those levels.
Last analysis about the pair:
As of Wednesday's candlestick, we can be suspicious about the reversal. Better not to get a long position unless the pair stays on top of the supportive level (110.300 – 110-400).
If you want to go long, put your stop loss at 110.140
The pair can decline to 109.5 but I expect at least 180pips bullish move after that. And if the pair doesn't go higher than that you can expect it'll meet 108.4 and 106.8 then a bounce after reaching those levels.
Last analysis about the pair:
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.