USDJPY – Down
Yesterday there was a false breakout below the support zone 111.23-110.93, price pulled back above the zone before breaching below it fully then went up. I expect a rise in it towards 113.62 followed by a breach above it for a further rise in USD. Right now price is within the zone and I expect a rejection of it within it for possible bullish momentum. Long USD/JPY within the zone with your take profit at 113.62 and stop loss slightly below 110.93.In case of clear breakout below 111.23-110.93 with a big red candle, wait for a correction to it to confirm bearish movements of price before you short the pair.
Long USD/JPY within 111.23-110.93 with your take profit at 113.62 and stop loss slightly below 110.93.
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