Dear Traders,

USDJPY seems to come down to buy zone.

Here is the Hourly chart.

2015-11-11_11-05-37-UJ1

Fibonacchi is measured from a) price before NFP and b) Prev High.

Since this morning in Asian hours, the price nicely came down to our usual buy zone (Fib 38.2 – 61.8%).

I also would like to extend this buy zone down to Fib78.2% as there is WPP at this point.

Thus buy zone should be 122.25 – 122.95.

 

Other notable prices…

122.80 (Current price):  H4 21EMA
122.65 (Daily 5EMA)
122.24 (WPP)

 

Let’s check the price action on M15, to catch the reversal price action, to buy this pair.

 

YJ Baik – Forex.Today  @ Osaka

 

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