Good morning traders!
Despite the fact that the pressure is to the downside on xxxJPY pairs at the moment, we may still find short-term buying opportunities if good ones present themselves.
The 121.4 level marks some decent short-term institutional support where some some indecision is likely.
Even if the level is eventually broken it will be very likely to see price stall at the level momentarily at least.
Buying the figure would be a good scalp opportunity however you must be willing to take profits quickly and not get greedy!
Enjoy!
Despite the fact that the pressure is to the downside on xxxJPY pairs at the moment, we may still find short-term buying opportunities if good ones present themselves.
The 121.4 level marks some decent short-term institutional support where some some indecision is likely.
Even if the level is eventually broken it will be very likely to see price stall at the level momentarily at least.
Buying the figure would be a good scalp opportunity however you must be willing to take profits quickly and not get greedy!
Enjoy!