Could we see a possible down-side for USD/JPY? Previously we have seen that price went into a small bullish trend. As you can see it didn't go too far; as it rejected our Major Trend-Line. That area was a extreme critical area as it aligned with a Major 38.6% Fibo area.
What do I need for a entry? If we manage to see price closing -BELOW- our Minor Trend-Line I will be placing a -SELL- a good area of T/P would be our Weekly Support as well as our Previous -27.20% Fibo area. We have a few T/P extensions that are not shown above.
Regarding a upside movement we are kinda far away from one as of right now. We would need price to close -ABOVE- our major trend-line so we can continue a upside movement. But at least for now I don't see that happening.
*This is NOT a signal, for any specific pair review please send me a message or email me at TheForexClubFX@gmail.com
*We also have a special promotion until the end of next week for our Advance Training that you wouldn't want to miss out!
What do I need for a entry? If we manage to see price closing -BELOW- our Minor Trend-Line I will be placing a -SELL- a good area of T/P would be our Weekly Support as well as our Previous -27.20% Fibo area. We have a few T/P extensions that are not shown above.
Regarding a upside movement we are kinda far away from one as of right now. We would need price to close -ABOVE- our major trend-line so we can continue a upside movement. But at least for now I don't see that happening.
*This is NOT a signal, for any specific pair review please send me a message or email me at TheForexClubFX@gmail.com
*We also have a special promotion until the end of next week for our Advance Training that you wouldn't want to miss out!