- USDJPY Respecting Trend, and channel.
- At a crucial Institutional Zone that has proven to be an area of importance (Red arrows showing area where pullbacks have occurred)
Comment:
- Fib Level is being retested as well. Another Confirmation.
Trade closed: target reached:
Went 100 PIPs into profit. Retest on fib level, price has now moved up to upper parallel with more potential for another SELL Entry