On the left we have JPY , and on the right we have USDJPY .
1 - It has been forming Pattern, which looks completed as per projection basis.
2 - Touched the 88.6% Fib Zone Resistance.
3 - Divergence Formed, indicating a weakness to develop in JPY.
1- It has been forming a perfect Pattern, which looks completed as per projection.
2- In the same manner has also touched 88.6% Fib Zone Support
3- Diverfence Formed, oversold as well.
4- Some Hawkish tone developing from the FED, which would strengthen the DOLLAR.
We are positioned Long in USDJPY , and see 1st Tarhet as 112 and 116 in coming days..