USDJPY has been climbing since July after spending a few months consolidating. We have created a channel back dating to lows and highs of 2012.
USDJPY has just hit our 161% fib from 2009.
The perfect setup would be for this pair to reach 118.732. From their we would confirm heavy ressistence and be looking for a excellent position to go short.
USDJPY has just hit our 161% fib from 2009.
The perfect setup would be for this pair to reach 118.732. From their we would confirm heavy ressistence and be looking for a excellent position to go short.