Selling USDJPY
Yesterday we commented that we are not looking for an entry on the EURUSD and are looking at other instruments with clearer movement.
One of these instruments is USDJPY.
The 133.10-133.20 sell zone was determined by a Fibonacci retracement.
A 180-pips decline followed, which we expect to continue.
All stops can now be placed above 133.20 or at entry levels if made on the bounce.
The target for this move is 128.65 and is again one of the main instruments we will be trading today.
One of these instruments is USDJPY.
The 133.10-133.20 sell zone was determined by a Fibonacci retracement.
A 180-pips decline followed, which we expect to continue.
All stops can now be placed above 133.20 or at entry levels if made on the bounce.
The target for this move is 128.65 and is again one of the main instruments we will be trading today.
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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