USDJPY Possible Rally?
Surrunding the 61.8% Fibbo, It should have some resistance before any
break. Also is playing just above the 200 day`s for the second day.Volume Buyers indicating in control.
AS Long as the uptrend is respected, we are buying in any bounce back in the trend line area or we are happy to wait until the break of the 61.8% fibbo and go on with the wave.
Entry : at Break of Resiatance ( in this case Stops would be Placed tighther just bellow the 61.8% Fibbo (110.50) or looking to go long at boucing toTrend line and stops at 109.745
Risk Reward Ratio : 1.78
AS Long as the uptrend is respected, we are buying in any bounce back in the trend line area or we are happy to wait until the break of the 61.8% fibbo and go on with the wave.
Entry : at Break of Resiatance ( in this case Stops would be Placed tighther just bellow the 61.8% Fibbo (110.50) or looking to go long at boucing toTrend line and stops at 109.745
Risk Reward Ratio : 1.78
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