USDJPY daily bearish ABC

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
At 108.50 USDJPY has made a bearish ABCD pattern rally from the June lows and it is also the 0.382 retrace level from the November 2015 highs. I dont normally like drawing Fibonacci from interim levels but ... If we break back below the 200 day MA at 106. 40 it will confirm.
The 200 week MA is resistance at the highs here also adding weight to the short idea.
My first target is 105 then 100.75


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter