As we can see for the short terms, USDJPY
, therefore I'll prefer to look for buy position and join the bullish
momentum, I took the recent bullish
wave, and use the Fibonacci Series to decide where is the best price to buy, at the moment we can see the retracement of the price, and the 50% Fibonacci level looks like a great level of buy position, as a technic Analysis forex trader I always prefer to look for more indications at the price, in that case, the 50% level is also a fresh demand level
, therefore, if the price will keep move down to the 50% Fibonacci level, I'll buy there, and my target will be the 100% Fibonacci level.