Simple idea for USDJPY
Updated
1. Hit weekly resistance zone
2. 8-9 days of consolidation
3. Strong move down side
4. Retest of weekly resistance zone
5. Continiue to move down side
I can clearly see weekly support zone from 109.900 to 109.700, also on dayli chart we can see strong pin bar, so i would say that our first target is 110.500, second target is 110.020. Weekly first target is 109.900 and second target is 109.700.
2. 8-9 days of consolidation
3. Strong move down side
4. Retest of weekly resistance zone
5. Continiue to move down side
I can clearly see weekly support zone from 109.900 to 109.700, also on dayli chart we can see strong pin bar, so i would say that our first target is 110.500, second target is 110.020. Weekly first target is 109.900 and second target is 109.700.
Note
Reached first TPNote
Reached second and third TP, very nice
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