It’ll be tight and nimble at the start of the week

Tight stop/reverse 106.87 through 8 tops/bottoms since 14. Feb on the 4 hours in this 70/85 area and the 23.6 fib of the Feb decline. IF this zone would break ,we may have a look at the 107.40 zone where I may give it another reverse.
I’m looking at 106.40( HD was on that level too) to give me a clue on the momentum. If that’s to happen I’ll be aiming at renewed test of the 105.55 or close to 105.00 where the next set of barriers is waiting .

USDJPY H4 19.02.2018

 

K-man

Pin It on Pinterest