Hey guys, hope you enjoyed the EUR/USD Trade. Let me share another trade idea.

USDJPY is trading bullish at 105.200, breaking all intra-day resistances as the US Dollar has strengthened on better than expected unemployment claims as well as pending home sales figures. Pending home sales shifted ahead in September after the August’s distinguished dip and are now at their fifth highest level over the past year.

The pair is heading towards it next target level of 105.380. So it stays below this level, then we can catch retracement. Let’s know wait for economic releases from japan.

Fundamentals:

JPY:

Household Spending y/y
Tokyo Core CPI y/y

Technical Levels:

R3: 105.75
R2: 105.45
R1: 105.001
Pivot Point: 104.75
S1: 104.45
S2: 104.24
S3: 103.71

Recommendation:
Good to Sell Below 105.350
SL: 105.550
TP: 104.950

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