FX:USDJPY   U.S. Dollar/Japanese Yen
So last time I've published an idea for USDJPY             short setup.

Of course it's still possible but here I'd like to show you guys a strong support where the prices may struggle or even reverse.

Why?

1. 50% Fibo
2. At this level MAs 50 and 200 are really close to each other (they often act as support/resistance )
3. Lesser round number (120.200)
4. Possible hidden divergence seen on RSI
5. Nice AB=CD (still not complete), where the D point ends at 161,8% Fibo of BC             leg

As you see a lot is going on there so watch this level - a candlestick formation (even on M15 or M30) may cause a reversal.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out