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USDJPY Fighting with critical support zone | July 14, 2017



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Usdjpy is near to critical support level at 112.80-90. This pair is respected this support level for several times. So it has now become critical for next movement. When we can get a breakout of this support level, we can get huge fall on this pair. Otherwise, this pair has a chance to move up if any bullish rejection candle formed on this support level.

Buy should be 113.00 and SL will be 30 pips. TP will be 50-80 pips. If a breakout occurs, then open sell position. TP SL 40 pips, TP will be 50-120 pips.

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