USD/JPY: Navigating Fib Levels and Cracking Support

Unveiling an intriguing bearish narrative with USD/JPY, where the plot thickens around high time frame (HTF) Fibonacci levels acting as possible resistance. The drama unfolds as low time frame (LTF) support exhibits signs of weakness and potential breaks. Let's dive into this captivating analysis!

Key Plot Points:

• Fibonacci Resistance: USD/JPY encounters formidable resistance at HTF Fibonacci levels, setting the stage for a potential bearish saga.
  
• LTF Support Drama: The LTF support, under scrutiny, shows signs of vulnerability and potential weakness, adding suspense to the downward storyline.
  

💡 Why Follow?

Gain insights into my Fibonacci approach.
Track the progress of the 100k funded account challenge.
Participate in discussions to enhance your trading knowledge.

Trade active

Order cancelled:

out for break even

Comment:

looking for a better entry on UJ this week