USD/JPY - Short Opportunity
Updated
Price is in a downwards channel and has slipped under old support, it has tried to pass this area (111.687) twice now and has failed to do so. This could be a very nice short opportunity.
Entry - 110.870
TP 1 - 110.460
TP 2 - 109.762
TP 3 - 109.292
TP 4 (Target) - 108.739
Entry - 110.870
TP 1 - 110.460
TP 2 - 109.762
TP 3 - 109.292
TP 4 (Target) - 108.739
Note
Price may very well rise further before falling. I expect the price to fall to the 61.8% fib region and possibly retrace back up, it's way too early to be making that kind of prediction but it's good to know what could https://happen.https://www.tradingview.com/x/vahOJzCo/Note
Wrong char, sorry.Note
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