USD:JPY (SELL)
BEARISH bias:
- Parallel Ascending Channel Breached few times
- Bearish Hammer Formed in last hour
- 8-days straight Bulls Run & long upper tails showing exhaustion
BULLISH Bias:
- Last Higher Low still intact...
MY BIAS:
SELL @ 111.400 (Ideally after close below channel)
SL: 111.700 (Just above next FIB resistance level)
TP1: 111.150 (@ 0.786 Retracement level from Top)
TP2: 110.730 (@ 0.618 Retracement level)
- Parallel Ascending Channel Breached few times
- Bearish Hammer Formed in last hour
- 8-days straight Bulls Run & long upper tails showing exhaustion
BULLISH Bias:
- Last Higher Low still intact...
MY BIAS:
SELL @ 111.400 (Ideally after close below channel)
SL: 111.700 (Just above next FIB resistance level)
TP1: 111.150 (@ 0.786 Retracement level from Top)
TP2: 110.730 (@ 0.618 Retracement level)
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