USDJPY wait for Stochastioc Crossover to go short
USDJPY
Market is in range in Daily Time frame, and testing strong resistance at 110.341 as which is also equals to 61.8% Fibonacci level, we have spotted divergence, it is highly probable that market will reverse in downward direction to gain bearish momentum, we need to be patient and wait for Stochastic crossover from upward to downward. Once crossed we can enter into SELL and our targets would be TP1 = 109.341 and TP2 = 108.812.
Market is in range in Daily Time frame, and testing strong resistance at 110.341 as which is also equals to 61.8% Fibonacci level, we have spotted divergence, it is highly probable that market will reverse in downward direction to gain bearish momentum, we need to be patient and wait for Stochastic crossover from upward to downward. Once crossed we can enter into SELL and our targets would be TP1 = 109.341 and TP2 = 108.812.