DiegoGarcia1

U/J Swing Trade Prediction

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
2
UJ has hit a resistance zone at the HH which it reversed from. It did try to test the zone again but it rejected it. Back to the are in which price is in now, it appears to be a support zone which it could probably break. If it breaks it, it could bounce to the 236 retracement and that will be my entry. I will then ride UJ down and enter once again when it touches the 127 extension area and retraces to the previous support zone (0 retracement zone). I will enter in that area and my prediction is that it will fall again and this time to the 168 extension zone
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