Steven_Maas

USDJPY accumulation, downmove and TP. Near future.

FX_IDC:USDJPY   US DOLLAR / YEN
40 0 0
USDJPY             accumulation/consolidation right after last week's dip. Reached the 61.8 retracement and then went back down a bit only to come back to the 70.2% optimal trade entry. The target is at the red marked circle.

Red mark is based on the last trend based fibonacci extension on the last leg down. This happens to be a midfigure level at 104.850 at the 1.618 extension making this a strong support level.
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