sid1707

USD/JPY needs to react first

FX:USDJPY   U.S. Dollar / Japanese Yen
Looking at the strong bearish push at the previous support and fib retracement, the price can go either side. Its better to wait for the market to react. If it respects the previous support, I will look for reversal entries in 4 HR timeframe. If it breaks the support, then I will wait for the price to hit the previous support level which turned into resistance.

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