themarketzone
Short

109.5 tested once again

FX:USDJPY   U.S. Dollar/Japanese Yen
I already spoke about 109.5 being a weekly bearish reversal zone and now the $USDJPY             is testing it once again.
Hourly structure and 78.6 Fib reversal level.
As long as this level holds as resistance, you get good entry to a weekly reversal zone with about 30 pips stop loss.
Sounds good to me
Close below 109.3 will be a good confirmation sign
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Tomer J,
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With the range of those bars and volume spent, I'd say it'll keep going up.
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themarketzone PRO IvanLabrie
2 years ago
Maybe, but the important thing is the daily close
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IvanLabrie PRO themarketzone
2 years ago
Yes, it's shakey ground. Unlike eur or cad vs usd.
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