A key area to watch for the USDJPY. I will be watching the area around 110.95 for a potential trade.
A breakout above that area may confirm a bottom for the medium term as the price would complete a triple bottom formation and would target 114.35 main resistance of the overall sideways range.
On the other hand, if we see rejection and bearish behavior on the lower time frames would look for another dip lower and a short trade.
We trade what we see, lets wait and see
In trading, nothing is guaranteed, that's why we use stops.
Best
Technician
A breakout above that area may confirm a bottom for the medium term as the price would complete a triple bottom formation and would target 114.35 main resistance of the overall sideways range.
On the other hand, if we see rejection and bearish behavior on the lower time frames would look for another dip lower and a short trade.
We trade what we see, lets wait and see
In trading, nothing is guaranteed, that's why we use stops.
Best
Technician