USD/JPY Make it or Break It

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The USD/JPY is having a retracement but the price has come in to the decision zone. It is make it or break it for the pair.

78.6-88.6 is the zone where the next move will happen. The price will either reject the zone or bounce off. 105-05-105.20 is the POC. A rejection off the zone targets 104.78 and 104.54. A bounce above targets 105.40 and 105.60. Watch for price action as the USD/JPY ATR(14) is generally low, making only 47 pips per day.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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