04.09.201813:19 Forex Analysis & Reviews: USD/JPY analysis for September 04, 2018

Long-term review

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Recently, the USD/JPY pair has been trading upwards. The price tested the level of 111.52. According to the H1 time - frame I found potential bearish bar pattern in creation, which represents that you should watch for selling opportunities. Anyway, the sell zone is set around the price of 111.70 (Fibonacci retracement 88.6%). Watch for potential rejection of the sell zone to enter sell position. The downward targets are set at the price of 111.20 and at the price of 110.85.

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