(USDJPY) Daily Outlook

in #trading • 7 years ago

USDJPY, D.png

USDJPY is currently on a symmetrical triangle and price is going to test the upper trendline(Resistance line).
Price started to drop since the 11th of July by forming a doji candle and reaching the price level of 110.635.
After the price created a perfect doji candle price started to rise and it's headed towards the Resistance line.

I added the fibonacci retracement and it's fitting perfectly with the chart patterns.
Screenshot_3.png

Here you can spot a possible target for the price which might be the level 23.6% of the fib. retracement and where it meets the resistance line.

I hope this post was helpful.
If so,please Upvote and Resteem to support my idea.

#forex #currency #money #usdjpy
7 years ago in #trading by
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     7 years ago 

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