USD/JPY idea 05-May-2020

4 May 2020

Today, I see the opportunities to jump in USD/JPY pairs. This pairs is trading rally below 38.2 FIBOlevel and on the way to reach 50.0 FIBO level. Hence, I saw two scenarios can be occcured with this pairs

- USD/JPY rebound at FIBO 50 level and break above 38.2 FIBO level, I will go long with 23.6 FIBO level as my target
- USD/JPY breaks below FIBO 50 level, I will go short with 61.8 FIBO level as my target

Let me see your comments about this.

Happy Tuesday and trading!

6 May 2020

İşlem aktif

USD/JPY follows the second scenario, I jumped in short this pairs.