USDJPY DAILY SETUP
Long term setup @ D1 For sell trade UJ
Confirmation of direction when price break below weekly support zone and re-test for daily support line
When daily support line becomes resistant then look for short entry @ 110.15
profit target 1 at 109.06
Profit target at 109.48
Stochastic at H4 shows sign of retest at daily support line
Stochastic at D1 shows sign of reversal at overbought region
CB consumer confidence index tonight 11pm MYT
Source forexfactory forecast 132.6, previous 131.6
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Confirmation of direction when price break below weekly support zone and re-test for daily support line
When daily support line becomes resistant then look for short entry @ 110.15
profit target 1 at 109.06
Profit target at 109.48
Stochastic at H4 shows sign of retest at daily support line
Stochastic at D1 shows sign of reversal at overbought region
CB consumer confidence index tonight 11pm MYT
Source forexfactory forecast 132.6, previous 131.6
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Penafian
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