Chart of The day $USDJPY 04-27-2018

On the USDJPY daily chart, we can see that the pair is consolidating just above the 50% of the Fibbo resistance 109 level and also the point of a retest of the broken long-term uptrend line. Look for the trade opportunities only in the case of an intraday break below the 108.900 level.

Note: look for the short trade entries with the SL above the 109.300

USDJPY price action technical analysis

 

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