Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 102.12
USD/JPY after last month reaching an high at (105) level has begin retracing to (102) price level , which lasted most of January.The dollar hited a 1 month low.The current price level hit fibonacci retracement level 38.20%(102.20) and from my point of wiew i think this is the start of the bullish trend. I base my analysis both tehnically but most important…
Elements used: Fibonacci Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 102.12
USD/JPY after last month reaching an high at (105) level has begin retracing to (102) price level , which lasted most of January.The dollar hited a 1 month low.The current price level hit fibonacci retracement level 38.20%(102.20) and from my point of wiew i think this is the start of the bullish trend. I base my analysis both tehnically but most important…