Usdjpy have been on retracement move on the daily chart for a week now but was on able to break the daily resistance zone on the daily chart. The pair was rejected from resistance of 111.983 that show sign of bearish continuation so the pair will be move downtrend to the nearest support level of 110.230 break of that support level will trigger fresh downtrend, the downtrend move was confirm with price action setup on the daily chart.
entry details
sellstop: 111.430
stoploss:112,120
first target: 110.230
second target: 108.155
Usdjpy Technical Analysis
Reviewed by zeal
on
11:35:00 PM
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Reviewed by zeal
on
11:35:00 PM
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