USD/JPY Struggling to Find Direction

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

USD/JPY is at support. We could see the move up if it bounces

If the price can’t break below the right shoulder we could see a bounce. The 113.00 zone is protected by buyers. At this point the USD/JPY is still bouncing. Below 113.00 watch for 111.65. However a bounce will target 114.24 and eventually 114.94. Today is Friday so watch for profit taking in the afternoon.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of

🚀 Earn up to 5% per Month via Telegram Signals - JOIN FOR FREE IN MARCH