Forex Trading Library

Trade of the Day – USDJPY – Limited upside with the ‘gap’ open

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USDJPY – Intraday – We look to Sell at 111.07 (stop at 111.43)

We have a Gap open at 111.07 from 03/05 to 06/05. We have a Gap open at 111.07 from 03/05 to 06/05. Bespoke resistance is located at 111.07. Preferred trade is to sell into rallies.
Our profit targets will be 109.75 and 109.50

Resistance: 111.07 / 111.23 / 111.50
Support: 110.28 / 109.75 / 109.50

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