HELLO TRADERS
I am more focused on XXXJPY pairs these days because they are looking very nice and given very good strong reversal structures. USDJPY is one of them well accordingly this pair I am looking for short opportunities either from the double top area where the price is moving currently or if the price keep moving bullish then the final high area will be...
Price is reacting below pivot level at 111.705, in-line with 161.8% Fibonacci retracement, 127.2% Fibonacci extension and and swing high resistance. Price could potentially drop to support at 111.090, in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA. Stochastic is also at resistance level where previous drops...
With the previous candle being a bearish engulfing this is a strong indication as to the price movements which will be observed in the coming week. The market has broken a major support area which we will now be acting as resistance. With no interference being seen on the left side price will steadily be making the move towards the downside. A good Entry...
USDJPY this Forex instrument is testing major trendline
Pivot 11200
ABO Level 10800
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