USDJPY– Buyers and sellers are still at proving decision, but...

USDJPY– Buyers and sellers are still at proving decision, but...

Trend: Strong Buy

Support/Resistance:
R3: 110.748
R2: 110.337
R1: 109.823
S1: 109-495
S2: 109.198
S3: 108.875

Price action:
Buyers were strong last days, because of channel winning territory. They've been dominant in the market. The last thing for buyers is to prove this trending teritorry and move price higher even stronger. If there is a deny and sellers might overtake the price for a while, we have to follow our key levels.

Potencial trade idea:
Bulls targets:
T1: 109.823
T2: 110.337
T3: 110.748
Bears targets:
T1: 108.875

NOTE – We are trading USDJPY via the preferred trading setups by ELITEFXACADEMY

Disclaimer: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.