USDJPY - Double Bottom Break on upside

Dolar A.S. / Yen Jepun (FX:USDJPY)

Telah dikemas kini

FX:USDJPY Dolar A.S. / Yen Jepun

USDJPY nfp

usdjpy nfp

USDJPY has a double bottom in place, A break of the neckline(daily close) around 104.30 will open the upside for the pair. The target is the theoretical level of 108.50. I would keep a long position with initial target at 105.80 as this would complete a bearish Gartley. Will look for confirmation and signs of reversal around 105.80 to square off completely( and maybe initiate fresh shorts). If the price pierces through 105.80, then keep a trailing stop for the long. Hopefully, today's NFP will be the trigger for this action.

Komen:

The gartley plays out

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.