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USDJPY (H4) - Sell Stop

U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
forex47_  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Oscillators USDJPY Fibonacci Extension sellsignal SELL
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supportandresistance fibonacci oscillator usdjpy fibonacciextension sellsignal sell
  • The pair is having a correction after a long time to uptrend

  • RSI can't break above 50, showing a high possibility of decline

  • In case of continued decline, Fibonacci Extension at 1(113.078)
    and 1.618(112.304) will become strong support areas

  • Sell Stop: 113.366
    SL: 113.964
    TP1: 113.078
    TP2: 112.304
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