USDJPY is struggling to breach 106.650 and a nice 4hr resistance zone has formed here. I am looking for 2 things to happen.
1) Bullish momentum break of the zone to take us to 108.500
2) Bearish rejection of this zone and a break of the ascending TL to take us down to the 105.00 support zone
1) Bullish momentum break of the zone to take us to 108.500
2) Bearish rejection of this zone and a break of the ascending TL to take us down to the 105.00 support zone
Trade active
Trade closed: target reached:
105.00 target reached.