EasteriaFox

USD/JPY TO GO BEARISH IN COMING DAYS

FX:USDJPY   U.S. Dollar / Japanese Yen
ON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019

ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times.

Also we can find a downward trend on overall chart

So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish . once it crosses the level of 105.204 then it can continue to the level of 104.058 and we can put our stop loss at 105.598 which gives us RISK/REWARD ratio of 2.62.

Enter trade = 105.204
Stop Loss = 105.598
Take Profit = 104.058

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