Sforex

Some small idea for U//J

FX:USDJPY   U.S. Dollar / Japanese Yen
369 3 3
103.8 support level is broken.

If S&P500             continues falling down -- Nikkei225 falls down too.

23.6% Fib Retracement is pierced. Next Fib retracement is 38.2% level : 102.

But we still one more support : 102.50

I think U/J will test a very strong support at 102.50 because it's EMA50 and kumo cloud of Ichimoku pattern.

I will put 3 orders:
.

- Order 1: SELL at current level : Target 102.50 , Stop loss: 103.8
- Order 2: Pending order: Sell at 103.70 : Target 102.50 Stop Loss :104.60
- Order 3: Pending order: BUY at 102.50, target 103.95 : Stop Loss at : 101.60.
Thoughts regarding USDJPY not happened to work in recent times. I am staying away from USDJPY now.
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Chartreader Chartreader
This have fallen enough. I am favoring buying the pair now for up to 105...cheers
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i have pending sell orders 103.85 -104,20
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