USDJPY,🔴Daily perspective🔴(Read the caption)

Well, as you can see the price hit the important supply zone that is on the 0.705 Fibonacci level and had a bearish reaction.

Once the price grabbed the internal liquidity and entered the FVG.

Now we can expect the price to continue the bearish trend to fill the FVG and then hit the bullish order block that formed at the 50% Fibonacci level. (First scenario)

The second scenario is, that the price rises to fill the FVG that is formed above the price and then falls.



💡Wait for the update!
🗓️30/01/2024
🔎 DYOR

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Comment:

As we expected, the price fills the FVG as the first target.

More than 140 Pips so far.

Cheers 🥂