USDJPY Long ( a short term trade as US market tries)
considering the Fibonacci resistance held strong , in the low time frame chart , it is expected for the USD to take a hit up and as a result USD/JPY hits the Fibonacci 88.6% extension level , the last target would be the 100% Fibonacci level , quite an Ok RRR as well .
*** Keep in mind this is a short time frame base chart and it's a 1-4 hour target .
**the top light blue horizontal line shows the Fibonacci 100% , just a small charting mistake .
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.