FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY May fall 50-100 pips
Insight - Price has broken out of the ascending channel and has hit resistance at 111.53. Price is likely to continue downwards to hit support at 110.11 or lower.

Intraday - 4H
Trade: Sell
Entry 110.60
Sell or Below: 111.63
Target TP: 110.11 & 109.17
Pivot and Support 110.11

Alternative scenario:

Trade: Buy
Buy or Above 111.63
Target TP: 112.27 & 113.17

Comments

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