#USDJPY: Resistance/Support Setup - 7th Oct 2020
USDJPY broke out this morning at 105.81
Now the market is retracing to the breakout zone.
The prior resistance becomes now a support level.
I expect a rebound and probably new highs.
The stop loss should be below the support zone at 105.60
Now the market is retracing to the breakout zone.
The prior resistance becomes now a support level.
I expect a rebound and probably new highs.
The stop loss should be below the support zone at 105.60
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