The last trade didn’t provide the opportunity to enter the market and the structure has changed so I react with the changes of the market and hope the move starting today.
for sure we have a clear impulse in the weekly and monthly and the weekly has provided a great retracement in the feb retracment and there is a good opportunity that the market starting a new high while moving to the upside but on the daily the market show sign of continuing to the down side but it is still a good opportunity to take.
The USDJPY shows strong resistance in 108.250
also the price retrace to 0.236 as showing by Fibonacci retracement which is the same level of the resistance of 108.250.