USDJPY Short Idea
Overall we are very bearish on higher timeframes and are going to continue with this trend. Look for bearish setups at key fib & resistance levels.
Ideally we want to see a reversal at the current level. Look to enter on a bearish transition and confirmed lower high below the 106.000 monthly zone. Target lower toward our weekly support & -27% fib level.
For us to consider long opportunities we need to see a break of 107.400 with confirmed higher lows above. Target higher toward significant resistance levels.
Overall we are very bearish on higher timeframes and are going to continue with this trend. Look for bearish setups at key fib & resistance levels.
Ideally we want to see a reversal at the current level. Look to enter on a bearish transition and confirmed lower high below the 106.000 monthly zone. Target lower toward our weekly support & -27% fib level.
For us to consider long opportunities we need to see a break of 107.400 with confirmed higher lows above. Target higher toward significant resistance levels.