USDJPY - Possible BUY
Updated
The blue parallel channel suggests that the overall Daily trend is bearish.
The black parallel channel suggests that the minor trend is bullish.
Plotting our fib from previous High 131.339 to previous Low 127.966, we see our Golden zone between (129.650 - 130.067).
That zone was broken by price which also suggests the price still wants to go Long.
Following the bias, we wait for the price to retrace before open a buy position at our plotted gz which is 128.983 - 129.286.
The black parallel channel suggests that the minor trend is bullish.
Plotting our fib from previous High 131.339 to previous Low 127.966, we see our Golden zone between (129.650 - 130.067).
That zone was broken by price which also suggests the price still wants to go Long.
Following the bias, we wait for the price to retrace before open a buy position at our plotted gz which is 128.983 - 129.286.
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