USDJPY

Updated
USDJPY is making lower high and lower low. But if you go to daily or weekly time frame, it is currently at very important support zone.
But before looking for reversal we can enter a short position.
There is multiple supporting confluences for short position.
#1 previous support zone into resistance
#2 trend line
#3 Fib Retracement
Use risk management when entering trade.
Note
Waiting for monday
Note
played out well
Trade closed: target reached
If you have entered this trade you can exit
Chart PatternsFibonacci RetracementTechnical IndicatorslowerhighslowerlowsTrend Analysiszone

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