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U.S. Dollar / Japanese Yen
Short

USDJPY Short Setup for this Week

By Evanture
Updated
looking for a pullback on USDJPY then looking for sell setups on the smaller time frame.

if price can hold the 110.000 - 110.500 area we
could possibly see downside from there.
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Scenario #1 trading back to the fib Retracement around the 79.00% - 88.60% and keeping the Risk above 100.00%
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A good confirmation of the downside would be to see if we can hold the 110.000 this is significant to confirm downside this week and going further for this pair.
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Price is Respecting our zone so far at the 110.000 level.
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Scenario #1 trading back to the fib Retracement around the 79.00% - 88.60% came into play as you can see price retraced right off the 79.00% level and didn't go any further.
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Beyond Technical AnalysisChart PatternscryptoForexforexsetupjpySELLsetuptradingTrend AnalysisUSDUSDJPY
Evanture
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