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DocCDS
May 25, 2017 3:55 PM

USDJPY daily analysis, long position? 

U.S. Dollar / Japanese YenFOREX.com

Description

hello everyone, here's a new idea i got looking at the chart of the usdjpy. We got: a downtrend, then consolidation, then downtrend, retested structure and now we're moving up. So for me jpy will rise at the 50% fibonacci, which is a psychological level and maybe move up to 61,8%. let's see what happen.
It could be possible a continious downtrend to 108 jpy.
have a nice day

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important structure at 108

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