IamNomad

Vanilla levels for UJ

IamNomad Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
3
Since price is all over the damn place w/ the US election , yellen's less than inspiring speech and YEN volatility increase. i had to redo my levels/demand/order block chart

as far where price is going. My bias is higher low w/ a test of the trendline at the minimum.

But as you can see from my chart, I want to be prepared for the world banking to disagree with this assessment and potentially retest the 112.6 level.

Comment:
the other thing worth mentioning it the fib levels.
on this one you can see the buy target percentage from the "bounce" to 115.6


you have a simliar thing going on at the last bottomish formation that was put in around this level.

as always yellen, kuroda or trump can destroy level at a whim. trade w/ stops or dont trade at all
Comment:
this is is on track to test that down trendline in the next day or so.

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