OANDA:USDJPY USD JPY Prefect Rejected at Resistance Level.
analysis was shared fewv days ago 200 pips profit so far expecting more breakeven your trade and lets earn some money for you
Price is reacting below pivot level at 111.705, in-line with 161.8% Fibonacci retracement, 127.2% Fibonacci extension and and swing high resistance. Price could potentially drop to support at 111.090, in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA. Stochastic is also at resistance level where previous drops...
With the previous candle being a bearish engulfing this is a strong indication as to the price movements which will be observed in the coming week. The market has broken a major support area which we will now be acting as resistance. With no interference being seen on the left side price will steadily be making the move towards the downside. A good Entry...