fxplan

Trade Plan: USDJPY / Jan 25, 2016

USDJPY: Rebounds after Touching a 1-year low at 116.00

  • Current trend: bias is back on the upside
  • Support and resistance:
    S1# 117.90, S2# 117.00, S3# 116.60
    R1# 119.30, R2# 119.75, R3# 120.60
  • Trading tips:
    BUY, holds above 117.90 could target 119.75
    SELL after the breakdown of the 116.00 with the target at 110.00
  • Strategy: Buy above @118.00, SL: @116.00, TP: @120.00 – 123.50

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