AaronLeggett
Short

USDJPY - Short Opportunity

FX:USDJPY   U.S. Dollar / Japanese Yen
Some quick analysis here on the USDJPY             pair. The Fibonacci levels coincide well with the S/R levels between the 24th and the 28th. We also have a nice bullish trend following the aftermath of Black Friday and Monday. However, I can see an opportunity to capture a few pips short due to the lower highs being created. Aiming for the 0.5 Fib level (118.884) seems to be the best bet as there is fantastic support from a few days earlier.

My trade:
£0.50 per point
118.900 TP (+£115)
121.800 SL (-£30)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out