The 5%ers' Blog
Waiting for Breakout of One of The Zones
The USDJPY price is ranging between the support below and the resistance above.
there is a 50 pips range between these zones, at the moment, it’s better to wait for the price to break out one of These zones, if the price will break out the resistance above, it indicates that the price tends to reach the supply above, in that case, I’ll look for price action setup for buy position and the target Will be the supply above which is also a great level for sell position,
in case the price will break out the support below I’ll look for price action setup for sell position and join the bearish Momentum Until 107.80 zone.
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