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RiverThink

USDJPY Approaching Strong Technical Zone (H4)

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
RiverThink  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Harmonic Patterns USDJPY Forex confluence
14
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trendanalysis chartpattern harmonicpatterns usdjpy forex confluence
For this setup we have:

- Major 61.8 retracement
- Major 1.618 extension & projection
-ABCD projection
-Strong psychological round number (106.000)
-Counter-trendline support
-Mid Elliott Wave channel support

SL: 105.300
TP1: 108.000
TP2: 108.500
TP3: 109.000
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