USDJPY intraday short
On the 4 HR chart price is trading sideways with no clear direction, on the 15 min chart the picture is painting a different story. On the mentioned timeframe price is trading in a downward channel. Our bias for the day is therefore bearish.
Price is trading around a key level that is supported by a 61.8 Fib level and after a few failed attempts did not manage to break through it. We are expecting a reversal from the current level with a target area located at 138.685 (Take Profit), our entry level is situated at 139.477 with a thight stop situated at 139.740
Good luck and happy trading
Price is trading around a key level that is supported by a 61.8 Fib level and after a few failed attempts did not manage to break through it. We are expecting a reversal from the current level with a target area located at 138.685 (Take Profit), our entry level is situated at 139.477 with a thight stop situated at 139.740
Good luck and happy trading
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