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EuroMotif

USDJPY at or near a "Top" ? UJ short Idea

U.S. Dollar / Japanese Yen (FX:USDJPY)  
EuroMotif Mod  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci
8
2
supportandresistance fibonacci
Follow up to my ongoing UJ analysis.
Picking a top is always risky, but lets try.
If not the "top" we could catch a "retrace".

Resistance above at the 112.2xx area - (look for rejection and retest)
Immediate support at 111.8-ish below - (look for break and retest)
Deepest support could be 111 round - (close shorts consider longs)

Previous Analysis:

Long Call 3 weeks ago:
USDJPY long Idea based on Fibonnaci Extensions: Yen 9 to 4 play

Short into RE-entry Long
USDJPY approaching Support Zones: Yen retrace watch






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