PipRunner
Long

USD/JPY OVER BOUGHT - LET THE BULLS PLAY

FX:USDJPY   U.S. Dollar/Japanese Yen
249 2 10
Overbought USD/USD
been in a strong downtrend on the weekly and monthly and has come to a strong monthly support level (pink large box)
Looking at the 1 hour graph a retest of either the 50 or 61.8% fibs if not broken will result in a fulfilment of extension wave ABCD to -27% fibs
Will wait for price action to confirm anything
macfuad
3 months ago
Valid :)
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TucKinetti
3 months ago
hit 78.6% fibs, what is next if this is a good entry for potential reversal Long?
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