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Let's dive into it. USD/JPY got a strong weekly close along with several decent daily closes above 111.892.
While taking out our 5th March high I'd make use of 112.929 as target. Upper-half of our bearish OB + 1.05 Fib-extension of bearish OB giving confluence here.
Stop-Loss below EQ of current leg-up + 200-MA on daily basis.
Let's dive into it. USD/JPY got a strong weekly close along with several decent daily closes above 111.892.
While taking out our 5th March high I'd make use of 112.929 as target. Upper-half of our bearish OB + 1.05 Fib-extension of bearish OB giving confluence here.
Stop-Loss below EQ of current leg-up + 200-MA on daily basis.