USDJPY is getting closer the the key area ~112,80-112,95, technically we should see some rebound anytime now, however fundamentals can drag this pair toward 111,60 if bulls cannot hold that zone. Chart prints interesting buy setup:
Technically:
- AB=CD
- 0.618 retr
- Broken midterm trendline
- Bearish divergence on RSI (1D)
- Fibo EMA
If key area holds I see at least retest of recent highs with a potential of hitting new highs.
Trade responsibly.
Technically:
- AB=CD
- 0.618 retr
- Broken midterm trendline
- Bearish divergence on RSI (1D)
- Fibo EMA
If key area holds I see at least retest of recent highs with a potential of hitting new highs.
Trade responsibly.