In this Analysis you can see that the USDJPY price on the 30-minute chart is hitting a resistance level at 119.04, there is a possibility for a BUY position.
What we look for:
long positions above 118.65 with targets at 119.30 & 119.50 in extension.
If trend will change:
below 118.65 look for further downside with 118.35 & 118.15 as targets.
My entry details:
- Entry Level: 119.04
- Take Profit level: 119.50
- Stop Loss level: 118.35
- Risk: 1% of balance
*This Analysis is for educational purposes only and is not financial advise.
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