The USD/JPY had a bearish ‘Regular Divergence Trade Setup’ last week in the Forex Market. Giving Forex traders between fifty and one hundred pips. Depending what your entry price was.
However, using the ‘Fibonacci Measuring Tool.’ We saw price bounce of the 50.0% Fibonacci level. Then it bounced off of the 38.2%. And then back down through the 78.6% Fibonacci retracement level. We have strong major support at 1.0840. And resistance at 1.0970.
