We can consider a long term buy in
USDJPY
if the double top breaks.
There is some indication of double top breakout where point E is higher than point C in a bullish trend.
If the resistance level breaks, finally we can buy at pullback
Entry : 110.070 (only after pullback)
stop : 109.700 (Fib 50% of 104-115)
TP1 : 111.350 (The bearish daily trend line)
TP2 : 112.000 (resistance key level)
USDJPY
if the double top breaks. There is some indication of double top breakout where point E is higher than point C in a bullish trend.
If the resistance level breaks, finally we can buy at pullback
Entry : 110.070 (only after pullback)
stop : 109.700 (Fib 50% of 104-115)
TP1 : 111.350 (The bearish daily trend line)
TP2 : 112.000 (resistance key level)
Trade active:
Trade closed: target reached:
First target reached at 111.35