USDJPY has cooled off after touching 162.70, but the broader bullish structure is still alive. The current move looks more like profit-taking than a confirmed trend reversal.
The key support now sits around 160.50–160.70. If this zone holds, buyers may attempt another push toward 161.80 and 162.50.
Trade Setup:
Buy Zone: 160.50 – 160.70
Stop Loss: 160.10
Take Profit 1: 161.80
Take Profit 2: 162.50
The key support now sits around 160.50–160.70. If this zone holds, buyers may attempt another push toward 161.80 and 162.50.
Trade Setup:
Buy Zone: 160.50 – 160.70
Stop Loss: 160.10
Take Profit 1: 161.80
Take Profit 2: 162.50
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.