Been keeping an eye on this one.
Looking for a rejection to get me in on a short move.
- USDJPYDailyCouldBeLiningUpForShortJuly1st-2nd19.png (46.99 KiB) Viewed 3545 times
The problem for me is the 23.6 and how price is now sitting above it.
- USDJPYDailyproblemisthe23.6.png (49.72 KiB) Viewed 3545 times
However, if you drop the fib to the last major move, it's a little more encouraging.
- USDJPYDailyoffthelastmajormove2ndjuly19.png (48.64 KiB) Viewed 3545 times
For me, I'd still be looking for that rejection candle and then a pullback into that before committing long term.
Looks to have good potential though.