fx_niek

USD/JPY dropping to .618 level?

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY went up a little bit to get liquidity and wasn't able to push trough the resistance level at 109.403. I expect to see USD/JPY fall to the .618 level that lies near the trend line.

Note: I am still a rookie and still trading demo. I share my ideas to get feedback from others who have been trading professionally. Don't take my analysis as financial advise!
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