USDJPY RETEST 2 YEARS SUPPORT AND DONE 38.2% FIBO RETRACEMENT
After NFP, I see price action only done 38.2% fibo retracement. Also on Monday and Tuesday close, USDJPY didn't make higher high from Friday high. So, these 2 days price action is confirmation to go short.
Entry level 109.550 - 109.650
Risk 50 pips
TP1 100 pips
TP2 200 pips
TP3 300 pips
Good luck
Entry level 109.550 - 109.650
Risk 50 pips
TP1 100 pips
TP2 200 pips
TP3 300 pips
Good luck
Trade active
All 3 short position at 109.56Note
TP1 hit at 108.56Note
Great, TP2 hit at 107.56Trade closed: target reached
Excellent, last short position hit TP3
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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.