USDJPY: LONG TRADE SETUP
Price reversed sharply sometime last week from a weekly historical support which as held strongly for some number of years now, Bullish momentum is going pretty well for USDJPY but i expect this bullish momentum to slow down as price approaches the next resistance ahead which is at 112. This zone as been holding nicely since April 2019, Could it hold this time around with the strong bullish momentum ? or would sellers hold their resistance zone ? Time would tell !
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
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