USDJPY: Approaching potential resistance confluence
Another potential trade in the USDJPY, as the price approaches the 1.618 extension for latest bearish wave in addition to the 78.6% retracement for the overall bearish wave.
This is just a highlight for level, and it is not forecast or a trade yet. A confirmation that this is a valid resistance remains needed to initiate the trade.
Will be posting on new developments.
Best
Technician
This is just a highlight for level, and it is not forecast or a trade yet. A confirmation that this is a valid resistance remains needed to initiate the trade.
Will be posting on new developments.
Best
Technician
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