My analysis assumes that the YEN may rise this week and gonna be strong because of BOJ policy Rate this Friday.
Drag the Fibonacci level already passed the 61.8 % - 50 % level, after the body candle close below 50%. I would enter the position and put the stop loss just above the 61.8 % price which is around 83.200.
Just make sure to watch the margin level and trade safely!
Drag the Fibonacci level already passed the 61.8 % - 50 % level, after the body candle close below 50%. I would enter the position and put the stop loss just above the 61.8 % price which is around 83.200.
Just make sure to watch the margin level and trade safely!
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HIt My Stop loss
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The Japanese Yen weakened Tuesday on news that businesses were gloomier than they had been for a year.