USDJPY Resistance

Dynamic Traders, we have 30 pips at least on the USDJPY for a good profit right now with entry at 108.30. Look for 108 zone as the support level then scale out and manage the second lot appropriately.

This is another text book short entry as discussed on our webinars. Stop loss is minimal so great trading opportunity. In addition a 123786 or trend line break could be entry points depending on your trading style. Alternatively this is a bullish flag formation so the trade will be stopped out for a small loss.

This is a quick update for you all and is only for confirmation as I know most of you will have picked up on this already.



USDJPY 15 minute Advanced Get chart. Click for more info on Advanced Get.

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Forex Analyst
Javid Shaik