TradingView
BloomFX_SIGNALS
Aug 8, 2021 9:57 AM

USDJPY 

U.S. Dollar / Japanese YenFOREX.com

Description

Dear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible

As I said in the last weeks .. UJ touched and forced the Fibonacci 0.5 area from where he had a strong rejection!
even if he retested the area once more ... I think he will start a retreat first towards 109,700 and maybe 108,460!
however, a close even for a day over Fibonacci 0.5 opens the opportunity to BUY to the Fibonacci area618

THIS WEEK... as I said UJ rejected from the Fibonacci 0.5 ... it went down in the area 108,600 from where it rejected again and goes again to the Fibonacci 0.5 area making a range between these values!
In the next period I expect this range to continue and I will play between the Fibonacci 0.5 and Fib 0.382 areas until the first closing on the chart for a week outside these values.

NOTE: Please, give a LIKE if you find this idea useful!

GREAT ATTENTION:
*This information is not a Financial Advice.
More