This is what I am getting doing for usdjpy, because this instrument is over bought what do you think
Price after break the Strong Support (shown by Red Line) it changes to the Strong resistance line. it seems price has stabilized and will does down.
primary set up for buy or long position. Waiting to complete Re-Test. The retracement can take up to a day for a clean re-test pattern; being is key. This trade will test your psychological aspect Secondary Trade Set Up for BUY or LONG POSITION Wait for a Re-Test
USDJPY is currently trading at its lowest in 2 month period. Weaker than expected U.S. data brings this pair in view of further decline. If breaks 109.9, likely bearish to 108.8 - keeping levels in mind: S1 109.90 S2 109.40 S3 108.80 R1 110.35 R2 110.80 R3 111.20 Personal analysis only. Please use your own rules & strategies prior to entering market.
Self explanatory chart. Manage your trades with care!