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Adam-Robinson
Feb 1, 2020 10:00 AM

USDJPY - NEUTRAL 

USD/JPYOANDA

Description

Weekly - Bearish long term trend since December 12th 2018. Price retreaced to 61.8% fibb which is also a weekly resistance level of 110.200. Now bearish towards psychological support level of 108.000

Daily - Price in a bullish trend since August 23rd 2019, and has been trading within a modified pitchfork since October 15th 2019. Price has since broken long term weekly 50% fibonnaci lovel. If price breaks lower modified pitchfork border and weekly fibb level of 38.2% then possible move lower to 107.000.

4 Hour - Short term bullish trend since January 21st. Support level at 108.000 for possible buy zone if price action indicated potential reversal.
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