USDJPY ANALYSIS! (SHORT! ONE DIRECTIONAL MOVEMENT!)
Dear traders, I hope you all are doing great with your trades recently as the market seems to go into one direction for the past few days to weeks.
DXY has been crashing into below 95 region and it will take awhile before it recovers back to 100 territory.
For USDJPY, price has broke below the previous support which is at 106.657 and it's gonna be the demand zone for now. We will be looking for short entry at 106.657 as price is very bearish at the moment.
Entry Price: 106.657
SL: 106.93
TP: 106.00
Clear trend, great entry, great risk reward ratio. As if dream come true for a trader.
Peace!
DXY has been crashing into below 95 region and it will take awhile before it recovers back to 100 territory.
For USDJPY, price has broke below the previous support which is at 106.657 and it's gonna be the demand zone for now. We will be looking for short entry at 106.657 as price is very bearish at the moment.
Entry Price: 106.657
SL: 106.93
TP: 106.00
Clear trend, great entry, great risk reward ratio. As if dream come true for a trader.
Peace!