USD/JPY- Fake breakout?
Be aware that there is another major resistance coming which is also in confluence with the 61.8 Fibonacci.
For now it looks like the market has broken the neckline of the W-pattern.
Might be a Fakebreakout in order to trap Bulls.
We will see how this will play out during the next week.
Do not enter with a sell without any confirmation.
For now it looks like the market has broken the neckline of the W-pattern.
Might be a Fakebreakout in order to trap Bulls.
We will see how this will play out during the next week.
Do not enter with a sell without any confirmation.
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