Happy week traders, I hope you had a great weekend! Today, we are looking at USDJPY which is in a strong uptrend even after the last CPI number that was lower than expeted. Usually, when an asset continues a trend even with conflicting data it means the trend is very strong and is not about to stop. Technically, we can see that price formed a rising wedge that was not able to be broken to the downside because price was held by the level 145.00 that was a resistance which has just turned into a support and is the one we just bounced from... I am expecting price to break higher and continue creating higher highs and higher lows to the next pivot points that we will use as our potential targets.
Komen:
My SL is at entry point. We are seeing a potential reversal...
Komen:
New higher low
Komen:
Approaching TP1
Komen:
Closing 60% of my position in profit.
Komen:
TP1 hit!
