themarketzone
Short

Fibs resistance zone - Can it lead to a correction in Yen?

FX:USDJPY   U.S. Dollar / Japanese Yen
This setup is part of the FX Weekly Markets Analysis http://goo.gl/FrXVMP

The WMA setup was based on a Fib extensions confluence zone and a possible daily Wedge pattern.
My targets are up to 200 pips for this trade but it can be an even bigger move if we will see the confirmation signals I'm looking in this trade.
Today's Ourside Bar gives another potential reversal pattern to support this setup

Read the setup and more FX setups in the WMA , posted in my blog http://goo.gl/FrXVMP
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