USDJPY after the test of the 137.500 area dropped with a series of lower low lower high until the 130 round zone.
The market took the liquidity below the daily support and retest the 130.500 and started an impulse to the next resistance area which is the previous lower high.
After the rejection by the 133 area the market retraced at the 0.786 Fibonacci zone and moved back to the daily resistance.
According to Plancton's strategy IF the price will break above we can set a nice long order.
The market took the liquidity below the daily support and retest the 130.500 and started an impulse to the next resistance area which is the previous lower high.
After the rejection by the 133 area the market retraced at the 0.786 Fibonacci zone and moved back to the daily resistance.
According to Plancton's strategy IF the price will break above we can set a nice long order.