After seeing a high of 125.120 USDJPY is looking to retrace.
Based on the Fibonacci scale and current chart movement, I am expecting the pairing to go into a sell at price 123.055 with a first TP of 122.450 or .25 and a potential second TP of 121.480. I have a support set at 119.800 or .5 and resistance price of 125.120 or 0.
Be sure to like this post and let me know what you think in the comments.
Based on the Fibonacci scale and current chart movement, I am expecting the pairing to go into a sell at price 123.055 with a first TP of 122.450 or .25 and a potential second TP of 121.480. I have a support set at 119.800 or .5 and resistance price of 125.120 or 0.
Be sure to like this post and let me know what you think in the comments.
Note
First TP reached.Note
Second TP reached!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.