USDJPY has finished retracing at the FIB 0.618 area and a sign of rejection has been spotted with a 1 hour pinbar. The trend is bearish, similar to other JPY pairs. We expect USDJPY to drop to its previous low, backed by a clean candle.
Please note, do not enter the trade unless the price reaches the entry line.
Please note, do not enter the trade unless the price reaches the entry line.
Trade closed: target reached
The first target is reached, I closed the whole trade at the moment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.