USDJPY Bearish / Bulls possibilities

4H / 1W timeframe

Bearish:
Clear break and hold below 108.80 may signal further decline to 108.10 - breaking this is possible to 107.50 in longer term

Bullish:
Clear break above 109.70 may signal rise to to 110.05 / 110.35
A break and hold above 110.94 will signal Bullish trend underway

Previous session:

H = 109.60
L = 108.60
O = 109.18
C = 109.21

Personal analysis only. Please use your own rules and strategies prior to entering market.

Comment:

Entry Order placed @ 110.5
T/P @ 108.8
1W Timeframe - Target 170 pips

Comment:

Entry Order changed to: 109.5
T/P - Same

Comment:

T/P changed to 107.98

Trade active:

Trade active @ 109.254

Comment:

USDJPY unable to break key resistance of 109.9 - Watch during Asian session for break below 108.8 & hold. Clear break of 108.8 will open door to further decline toward 107.5 for possible profit taking.

Comment:

Updated R&S levels:
R3 110.45. R2 110.00. R1 108.60
S1 108.80. S2 108.45. S3 108.10

Trade closed manually:

Trade Closed pending Jackson Hole
Total P/L = -4.8 pips

Comment:

New BUY Entry Order @ 110.25
T/P @ 111.20
S/L @ 109.95

Order cancelled:

Trade cancelled. Still bias to Bearish side, but waiting on further confirmation before entering.

Comment:

All trades closed. Done for the week.
Total P/L for week = +143.3 PIPS
Everyone have a good rest of week & weekend.