The big picture for USD JPY. Price is touching a strong parallel channel after a completion of fibonacci extension in 123.4. Probably now we gonna have a correction at level 61 fibo and them the trend continuation.
Price is touching a very strong support, double bottom formed an probably is the c leg of a harmonic bullish bat pattern. Risk reward 1 x 3. Best regards.
Short trade based of a conjunction of price channel resistance line, and trendline breakout rebound. Risk reward 1 x 2. Stop Hight at 1.08, take on 1.065. Best regards.
The price is touching a historical resistance from 2009, very strong, and a harmonic pattern butterfly is there to give us more confidence in this trade. Good risk reward, 1x3. Best regards.
