USDJPY: Approaching potential resistance confluence

FX:USDJPY   US-Dollar / Japanischer Yen
2574 9 86
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.

hi @Technician! any updates in this forecast? already in the zone :)
Thank you
It works
USD/JPY in up trend. Target is 125.00.
+1 Antworten
Technician, did you mean 1.618 retracement?
I do see divergence in 4H TF as well. There is a possibility to go short on the break of the structure.
Hi!, great analysis!. What confirmation are u looking for? TL break? you wait for just break? or closing after the break?

Thanks, great job
looks good
Bearish its gonna be...
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