Coder775

USD-JPY 4H Limited Upside.

Long
FX:USDJPY   Dollar Américain / Yen japonais
Hi everyone.

So looking at 4H chart, we have found a support at 61.8 FIB from daily chart, and 50 fib from 4H chart, which indicate that we may have posibbly an upside move to 113.450-113.600 (double 78.6 FIB 4h/1D) from where we should be heading down to 61.8 FIB from weekly chart which is around 111.100 so there is 23.6 FIB from daily at 111.06 . (We may see a bounce back at around 111.600 as there is important 38.2 FIB from daily, don't forget about that).

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.

"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.