USDJPY bullish continuation probable above 106.00
This pair has been trending up since early January and we may have an upcoming chance to ride a leg or 2 if we see a break above 106.
Looking for daily close confirmation and a bullish price action upon re-test of the level.
See below a view of the weekly chart and also why I'm bullish biased. We saw a breakout from a long term descending channel after which, it traded approx. 145 pips higher. Right now it's trading against 106.00 and a breakout looks imminent.
If a setup materializes, first target would be that 107 handle. DISCLAIMER: This is a personal view and not trading advice.
Looking for daily close confirmation and a bullish price action upon re-test of the level.
See below a view of the weekly chart and also why I'm bullish biased. We saw a breakout from a long term descending channel after which, it traded approx. 145 pips higher. Right now it's trading against 106.00 and a breakout looks imminent.
If a setup materializes, first target would be that 107 handle. DISCLAIMER: This is a personal view and not trading advice.
Giao dịch đang hoạt động:
This one's breaking out atm.
Bình luận:
Almost got stopped out but survived. Targeting 107.00 now I think.
Bình luận:
Crappy follow through. Not keen on leaving this trade open through the weekend so I'm likely to close this early, especially if I keep seeing this market hesitation. Prefer to keep my gains intact for the month.
Bình luận:
Good bounce. Holding.
Bình luận:
First TP 107 hit.
Đóng lệnh: đạt mục tiêu