Weekly Forex Price Action Setups & Key Levels | Dec 6-11

usdjpy price action

USDJPY – Corrective Structure Holds With Trade In Profit (4hr chart)
In our December 3rd market commentary, we talked about the key corrective structure and support zone for the USDJPY being likely to hold and maintain a bullish bias.

I liked the price action & trade location, so bought it and am currently in profit for about +75 pips at the moment, or roughly +1.5R. Many members in the course also traded this and are in profit, so congrats to those who traded this as it was a very clear setup that has almost been in profit from the beginning.

For now, I’m expecting this range structure to hold, so will likely bring my SL to BE + some

... Keep reading