I am neutral on USDJPY for the short term with a slight bearish bias, pairing currently in price correction and could break either way.
Short
Entry Area: 115.100
TP: .382, .5, 0 based on Fibonacci scale
If price breaks around .75 on Fib the pairing has a potential to go into a buy with TP around 116.100-.400 price area.
Short
Entry Area: 115.100
TP: .382, .5, 0 based on Fibonacci scale
If price breaks around .75 on Fib the pairing has a potential to go into a buy with TP around 116.100-.400 price area.
Trade active
TP Correction*.382, .25*, 0[b/b]
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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.