UsdJpy hits daily trendline - looking for a bounce
UsdJpy is at daily trendline, this is a big picture trade
Fibonacci retracement around 61.8%
If UsdJpy moves up from here we will be looking for a break of previous highs above 118!
I will be looking for a significant move up (bounce) from this trendline contact for first conformation
Maybe a couple of strong green candles short-term leading the pair above 107 / 108
Great opportunity for a long-term trade here: SL 105.30 below previous daily lows a couple of weeks ago -- TP above 118
Fibonacci retracement around 61.8%
If UsdJpy moves up from here we will be looking for a break of previous highs above 118!
I will be looking for a significant move up (bounce) from this trendline contact for first conformation
Maybe a couple of strong green candles short-term leading the pair above 107 / 108
Great opportunity for a long-term trade here: SL 105.30 below previous daily lows a couple of weeks ago -- TP above 118