Is USDJPY starting an uptrend or consolidating?
Uppdaterad
USDJPY failed to create a lower low after 108.125. Shall prices able to break 109 level, I believe it may start an uptrend. First uptrend target is 109.845 while second target is 110.256. Support is pegged at 108.679.
This is not a buy/sell call. Trade at your own risk.
This is not a buy/sell call. Trade at your own risk.
Kommentera
the market has hit 110.256 before retracing lower. Based on the latest price action I believe USD/JPY still has room to rally. First target will be the 110.256 while the second target will be 110.829 (78.6%)Kommentera
market currently at 110.371. I adjusted by trailing stop to 109.300Kommentera
closed position at 110.379.Trade stängt: målet nått
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