USDJPY has Broken Structure to the downside on the Daily Time Frame. However price is extermely bullish and could continue up to make new highs. I am watching to see if there is a candlestick closure above 149.700 area so we can buy. If not I will be continuing to sell USDJPY. ENTER 149.500
USDJPY will retrace to 61.8% fib level and test previous support. 61.8% fib level is in confluence with the trend line. price may buy to 140.524 once reaching 139.434
USDJPY has been on an uptrend for the past few years. USDJPY is on a retracement of the previous up move that occurred on Friday June 2nd 2023. Price will retest the 139.487 area before it will continue its uptrend for the week.
Price has been in an Uptrend for the pass decade. USDJPY is on a Uptrend to reach price 142.245 and continue further. I am looking for the retracement to the downside to end before buying further up. I am watching to see if the market will retrace to price level 139.433 at the 38.2% Fib retracement level and continue up for the uptrend. Price may continue down to...
