Good Morning traders. I’m still hoping to catch this uptrend on a larger pullback. Here are the levels I’m watching. The pair seems to be hitting a ceiling near the 111.00 major psychological level so a bit of profit-taking could happen at this point, allowing price to pull back to nearby support areas. Stochastic looks ready to head south so a brief selloff could be due. Applying the Fibs on the latest swing low and high on the 4-hour chart shows that the 50% and 61.8% levels cover a former resistance area, which might now hold as support.
Captureusdjpy sell long investment.jpg
Captureusdjpy sell long investment.jpg
(Discuss) USD/JPY Major Correction?
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