USD/JPY - time for another big short/sell movement
market price reached strong resistance area within correction movement and is likely to fall down after testing the 107.3 - 107.4 area several times.
Resistance areas are:
- 50 day moving average (yellow line)
- Fibonacci golden ratio retracement area
- MACD is near 0 line which is strong resistance, expect bearish crossing of baselines which brings sellers into the market
- regular RSI is near trend line resistance which brings sellers into the market
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Resistance areas are:
- 50 day moving average (yellow line)
- Fibonacci golden ratio retracement area
- MACD is near 0 line which is strong resistance, expect bearish crossing of baselines which brings sellers into the market
- regular RSI is near trend line resistance which brings sellers into the market
Don´t forget to like and share if you agree with me
Follow me to stay up to date and feel free to leave your comment
Trade closed: target reached:
trailing stop reached at 107.2 after down movement to 107.1 - 400 pips ROI
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
