Coder775

USD-JPY 4H Limited Upside.

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi everyone.

So looking at 4H chart, we have found a support at 61.8 FIB from daily chart, and 50 fib from 4H chart, which indicate that we may have posibbly an upside move to 113.450-113.600 (double 78.6 FIB 4h/1D) from where we should be heading down to 61.8 FIB from weekly chart which is around 111.100 so there is 23.6 FIB from daily at 111.06 . (We may see a bounce back at around 111.600 as there is important 38.2 FIB from daily, don't forget about that).

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.

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