USDJPY Technical Overview and Potential Trade Opportunities
We have entered a Long Trade @ 113.000 (USDJPY Technical Overview and Midterm Trade Setup ) after closing the Bearish Harmonic Short Trade with 65 pips. ( USDJPY Trendline Breakout and Harmonic XABCD )
Since we have a running long position, we are not publishing a fresh trade setup.
However, as seen on the below H1 Chart, we might see a retracement towards 113.000 – 112.800 region based on the Bearish Cypher Pattern.
A potential retracement towards 113.000 – 112.800 can be used as a buying opportunity.
We will look for the breakout of the first resistance @ 113.400 to add Long position. Our midterm targets will be 113.900 and 114.200.
We have two bearish harmonic patterns @ 113.920 Bearish Cypher and @ 114.200 Bearish Shark signaling a minor correction.We have already published this pattern and trade setup for the members.
Bullish move will continue as long as Anka holds above 112.200.
Any intraday trade opportunities will be published for the members.
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