themarketzone

109.5 tested once again

Short
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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