USDJPY Trade Idea

In the previous analysis, I mentioned the 109.80 as a key resistance zone, seems like market has broken above it. In today's trading session, I would still pay attention to how price reacts at the current price zone as the upwards breakout wasn't strong enough. I will be looking for possible retracement entries at the 109.80 support zone, the nearest resistance is at the 111.50 zone. If it is a probe scenario, that could send UJ back towards the 108.20 area.

Trade safe and be flexible.

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