USDJPY Triple bottom, long positions
USDJPY has formed a triple bottom, hugely respecting the 111 level. We also have a fibonacci 61.8% on 110.4, so the zone 110.4-111 works as a really strong support. The price is also respecting the TL from 2013, making the current zone really strong and the pair would need a huge momentum to push the price below these levels.
The TPs are based upon fibonacci and resistance from 2001.
Entry: 112.4
SL 110.2
TP1: 116.2
TP2: 117.5
TP3: 119
The TPs are based upon fibonacci and resistance from 2001.
Entry: 112.4
SL 110.2
TP1: 116.2
TP2: 117.5
TP3: 119
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