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POSINEXA

We'll see if USDJPY will go up

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
POSINEXA Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USDJPY major Forex forexanalysis forextrading currencymarket Fibonacci Retracement buysetup
2
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trendanalysis usdjpy major forex forexanalysis forextrading currencymarket fibonacciretracement buysetup
It seems that for some time in the future we expect to be able to buy USDJPY, because it can be seen from the displayed chart, there has been confirmation at the price of 104.022 touching the 61.8% Fibonacci retracement level (Fib 1).
Comment:
snapshot
Furthermore, for the target we will aim for, refer to the second chart on Fib 2, the first target is at the price of 104.364 (horizontal line), and the second target is at the price of 104.609 (horizontal line). If it turns out that the price has moved downwards below the price of 103.904, it is likely that the price will move down again.
Trade closed: stop reached:
It turns out that the direction of the movement continues downward so that it hits the stop lost at 103.904.
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