junjeck92

Bounce back from support?

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Last week movement was supported above the support area around 106-106.5 and spotted double bottom pattern. Expecting price to retest the previous resistance at 108.6 then 109.5 area
Same thing, two way to trade, wait cheaper price or chase now.
sl - better put lower than 105.7-106 area
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.