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vikinsa
Dec 25, 2019 10:23 AM

USDJPY A 200PIP Bull Opportunity Awaits If This Happens Long

U.S. Dollar/Japanese YenFXCM

Description

USDJPY A Bull Opportunity Awaits If This Happens:

1. USDJPY is trying to break this trend line on weekly time frame. It can be a little hard because it coincides with 1.618 Fib extension and 200SMA.
2. However if this breaks , we are looking at 2.618 Fib extension confluence with 0.886 level as the next level. That can give us a good opportunity to go long
3. But first the trend line must get broken and retested for a confirmation.
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