USDJPY - Fib Extension

One of the ways to engage in a buying opportunity on USDJPY is by using the Fibonacci Extension, in this case, the setup is completing at 138.02 within the buy zone and not violating the double bottom pull-back.

A 3-bar reversal at the level is the minimum I'm waiting for.

Commentaire:

It's amazing how the market bounces off from FE 161.8 ya. It has further shown this is no magic but real analysis.