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USDJPY Fib Retracement

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If price continues up at this rate it will hit the trend line at the .236 fib retrace, from there it will either break up or get smashed down again. I am already in this one long but wanted to share it. There is a level of resistance from 2014, the only support/resistance at this price action with the next one below at 105. Ultimately I could see this thing pulling off a .618 or .786 retrace, possibly more if BOJ decides to intervene at some point.

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The red line is Knoxville Divergence, and one that small is usually indicative for a big move!

Dagangan aktif

Closed at the top of the last candle for profit and opened a new position. Waiting for contact with the next fib level or a brak in the trend line.

Dagangan ditutup: sasaran tercapai

Took profit at fib retrace, waiting to see pullback or break in trend line.

Dreadlegion

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