Hello dear friends,
Currently USDJPY reached a support level and showing bearish momentum withdrawing which suggests that we may see a continuation pattern.
We've mentioned in a previous idea that we targeting lower support level and the market clearly showing lag of momentum. So we will close our position at break-even.
No more downside without clearing the support level, only if the market went below this support, we'll update this idea.
Good luck !
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Buy market @ 108.897
Stop-loss @ 108.144
Target 1 : 109.751 -- R/R ratio: 1.13
Target 2 : 110.646 -- R/R ratio: 2.32
Target 3 : 111.847 -- R/R ratio: 3.92
Currently USDJPY reached a support level and showing bearish momentum withdrawing which suggests that we may see a continuation pattern.
We've mentioned in a previous idea that we targeting lower support level and the market clearly showing lag of momentum. So we will close our position at break-even.
No more downside without clearing the support level, only if the market went below this support, we'll update this idea.
Good luck !
-----------------------------------------------
Buy market @ 108.897
Stop-loss @ 108.144
Target 1 : 109.751 -- R/R ratio: 1.13
Target 2 : 110.646 -- R/R ratio: 2.32
Target 3 : 111.847 -- R/R ratio: 3.92