USDJPY Potential long opportunity
Buy 110.95
Reasoning behind buying in this zone are daily swing low, April monthly low , daily 0.618, previous horizontal support... its has not been an all out dump from 112.4 with the bulls showing up at.0382 and 0.5
Target 111.65
Reasoning behind target is, if we bounce in the exact spot, the target will meet up with the 0.5 and double top on the 4 hour, also just above at 0.618 fib which meets up with horizontal resistance.
Reasoning behind buying in this zone are daily swing low, April monthly low , daily 0.618, previous horizontal support... its has not been an all out dump from 112.4 with the bulls showing up at.0382 and 0.5
Target 111.65
Reasoning behind target is, if we bounce in the exact spot, the target will meet up with the 0.5 and double top on the 4 hour, also just above at 0.618 fib which meets up with horizontal resistance.
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