USDJPY is currently at a very crucial level.
It is facing a rejection from the previous resistance zone.
For LONG :- One can enter it once it closes above 116.5 in Daily TF for target of 118+.
For SHORT :- One can enter around 115.5 with a SL of 116.5 for target of 113 (SAFE TARGET).
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
It is facing a rejection from the previous resistance zone.
For LONG :- One can enter it once it closes above 116.5 in Daily TF for target of 118+.
For SHORT :- One can enter around 115.5 with a SL of 116.5 for target of 113 (SAFE TARGET).
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.