This is my vision on USD/JPY Daily. We are on weekly support, price action speaks about weakness and potential reverse. Daily trendline about to be broken and that what i wait for at 108.00 with a nice confirm, i will act if i see a convincing candle pattern.
If nothing happens i won't move.
Stop at 106.5 and Profit at 111.00. I expect a rebound at the 50% FIB which is at 109.7, i will decide the next move from there depending on the strength of this movement.
If nothing happens i won't move.
Stop at 106.5 and Profit at 111.00. I expect a rebound at the 50% FIB which is at 109.7, i will decide the next move from there depending on the strength of this movement.