USD/JPY:SELL From Resistance Area FIBO Level SHORT Setup

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

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USD/JPY yesterday had a solid reaction to the FOMC release news with a bullish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Technical Analysis shows the price in a resistance Area in confluence with Fibonacci levels where the value can have a change of direction. The Main trend is still Bearish from our point of view. Looking for a Short setup.

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