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The USD/JPY had a bearish ‘Regular Divergence Trade Setup’ this week on the Forex Market, giving traders between sixty and eighty pips depending what your entry price was. Using the ‘Fibonacci Measuring Tool’ we saw price bounce of the 50.0 Fibonacci level, as well as the 78.6 Fibonacci retracement level. Later in the week we also saw price bounce right back up from the 78.6 Fibonacci price level. We have strong major support at 108.20 and resistance at 109.30
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Buy The Dips – Sell The Rallies!
