OANDA:USDJPY   U.S. Dollar / Japanese Yen
Looking for market to possibly retrace to 103.699 fib retracement 0.786, but the break though 104.400 to 103.905 might take the market lower, the highest probability would be to expect a retracement at 104.123 fib retracement 0.618, being the significance of that particular zone, but the break and retest , of the downward trendline, can mean that the momentum will take it further. At this present moment, this is purely speculation, on Friday, market came to an area of supply and demand 104.580,which it rejected, but through 104.580, i would expect some momentum on the downside, based upon market structure. Traders.....we trade with the market makers! This is not financial advice, this is based upon my personal opinion!
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