Risky trade for ujsdjpy since there are chances for a doble top, but we expecting a break out and cacht a possible spike to the bullish side.
The reasons are that ujdjpy is above the mid trendline, and also above the moving average. We can see also that the fibonacci level of 23% acts as a support level giving USDJPY more probability of a spike out
The reasons are that ujdjpy is above the mid trendline, and also above the moving average. We can see also that the fibonacci level of 23% acts as a support level giving USDJPY more probability of a spike out
Trade closed: target reached