USD/JPY coming up on important level.
Technically Speaking
The U/J cross is coming up on a big level around 111.00
The 111.00 level was last tested back in May and the cross sold off 1100 pips. I am not saying that will happen, but this level is obvious and everyone will be watching.
What to do?
If you are long, nothing to do but wait.
I will watching the 111.00 for a possible short, it depends on the price action.
The U/J cross is coming up on a big level around 111.00
The 111.00 level was last tested back in May and the cross sold off 1100 pips. I am not saying that will happen, but this level is obvious and everyone will be watching.
What to do?
If you are long, nothing to do but wait.
I will watching the 111.00 for a possible short, it depends on the price action.
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Feragatname
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