USD/JPY has been in an uptrend respecting the green trend line.
By using the Fibonacci retracement indicator, I can see that the price has retested the 0.618 fib level which indicates the continuation of the uptrend.
I expect the price to increase until it reaches the yellow resistance level and will wait to see if it manages to break it and continue the uptrend or a reversal to happen
By using the Fibonacci retracement indicator, I can see that the price has retested the 0.618 fib level which indicates the continuation of the uptrend.
I expect the price to increase until it reaches the yellow resistance level and will wait to see if it manages to break it and continue the uptrend or a reversal to happen
Trade active:
So far the price has reached the Trend line and is failing to break it.
I've entered more long positions as I expect the price to continue with the uptrend.
I've entered more long positions as I expect the price to continue with the uptrend.
Trade closed: target reached:
Entered on the support at 105, and now reached my take profit at 106.1.
Solid 110pips move!
Solid 110pips move!