The price as you can see is currently swaying between two strong levels the support level 119.8 and the resistance level 119.8 on the USDJPY pair.
According to last day's movement I do presume that we are currently facing a bullish trend I also do think that the price 119.95 which is currently a resistance might get broken by the price reaching by that the next level at 120.1 which could be considered a promising level to act as a take profit.
If the price by any chance redirected itself and headed the opposite way to the level 119.8 breaking by that the support then waiting would be the best strategy for now till the price head down reaching the level 119.65 which is the next support using it as a stop loss level to minimize the losses.
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According to last day's movement I do presume that we are currently facing a bullish trend I also do think that the price 119.95 which is currently a resistance might get broken by the price reaching by that the next level at 120.1 which could be considered a promising level to act as a take profit.
If the price by any chance redirected itself and headed the opposite way to the level 119.8 breaking by that the support then waiting would be the best strategy for now till the price head down reaching the level 119.65 which is the next support using it as a stop loss level to minimize the losses.
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