USD/JPY, retracement toward 114.5
Updated
Hi guys,
Last month, USDJPY reached 114.5 as new higher price for this year . From this pick, the price dropped more than 61,8% of Fibonacci's retracement .
There was a perfect bounce on the big uptrend (same uptrend from april, check the pics below). Since this bounce, the price is very bullish.
On my last analysis, my entry was around 112.830, currently we are in profit but the main target il at least 114.00 .
Yesterday, USDJPY reached the 50% of Fibonacci's retracement after used the MA10 and MA20 as support
Thanks guys !
Last month, USDJPY reached 114.5 as new higher price for this year . From this pick, the price dropped more than 61,8% of Fibonacci's retracement .
There was a perfect bounce on the big uptrend (same uptrend from april, check the pics below). Since this bounce, the price is very bullish.
On my last analysis, my entry was around 112.830, currently we are in profit but the main target il at least 114.00 .
Yesterday, USDJPY reached the 50% of Fibonacci's retracement after used the MA10 and MA20 as support
Thanks guys !
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