The trend is strongly bearish on all chart timeframes.
Anka is testing the Fibonacci 50% of the AB movement. And this level is an important support.
we have entered a SHORT trade and our last target was 110.930 which the price tested Friday. We have generated 195 pips.

USDJPY Technical Analysis and Trade Idea 01-09-2018 Update: Hits Target 190 pips

Daily closing below 110.800 will carry the price towards 110.000 and 108.600.

READ MORE

USDJPY-DAILY-CHART

Source: http://www.fxters.com/usdjpy-technical-analysis-critical-support-before-108-000/

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.