Last week usdjpy plummeted to 130. But this pair is still strong enough to hold above 130 level. So what is the scenario for this week? From my view I would prefer to sell the rally. There are 2 possible zones to go for short. 1st one is around 135.583 area (red horizontal line). 2nd one is the red rectangle area, 137.35-137.75 zone.

In my humble opinion we can stop if price break above 135.583 area then re-enter arounf red rectangle zone.

Stop again if the price break ABOVE 137.75.

The target profit zone is the blue rectangle.

Trade well and wisely. 🙏🙏🙏
Fibonacci RetracementselltherallyshortusdjpyTrend AnalysisUSDJPY

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