Monday, February 15, 2021 9:00 AM EDT
The USD/JPY is having a retracement but the price has come into the decision zone. It makes it or breaks it for the pair.
78.6-88.6 is the zone where the next move will happen. The price will either reject the zone or bounce off. 105-05-105.20 is the POC. A rejection of the zone targets 104.78 and 104.54. A bounce above targets 105.40 and 105.60. Watch for price action as the USD/JPY ATR(14) is generally low, making only 47 pips per day.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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