Last week usdjpy plummeted to 130. But this pair is still strong enough to hold above 130 level. So what is the scenario for this week? From my view I would prefer to sell the rally. There are 2 possible zones to go for short. 1st one is around 135.583 area (red horizontal line). 2nd one is the red rectangle area, 137.35-137.75 zone.
In my humble opinion we can stop if price break above 135.583 area then re-enter arounf red rectangle zone.
Stop again if the price break ABOVE 137.75.
The target profit zone is the blue rectangle.
Trade well and wisely. 🙏🙏🙏
In my humble opinion we can stop if price break above 135.583 area then re-enter arounf red rectangle zone.
Stop again if the price break ABOVE 137.75.
The target profit zone is the blue rectangle.
Trade well and wisely. 🙏🙏🙏