Hello, Traders!
Monfex is at your service and today we overview USD/JPY.
First bullish scenario:
USDJPY will break the resistance zone and close 12H candle above it, with fix. Then return to the ex-resistance zone for test and it will be the best moment for a long position. We have a small gap zone that is need to be filed.
Second bearish scenario:
USDJPY can rebound from the resistance zone and resistance line of the ascending wedge with a bearish divergence to the support zone. Confirmation of this scenario will be a breakout the support line.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service and today we overview USD/JPY.
First bullish scenario:
USDJPY will break the resistance zone and close 12H candle above it, with fix. Then return to the ex-resistance zone for test and it will be the best moment for a long position. We have a small gap zone that is need to be filed.
Second bearish scenario:
USDJPY can rebound from the resistance zone and resistance line of the ascending wedge with a bearish divergence to the support zone. Confirmation of this scenario will be a breakout the support line.
- The resistance zone ~ $109.305 - 109.01
- The support as target for short by breakout zone ~ $106.7
- The targets for long $111.06 && $112.14
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.