105.20 broken is a key head and shoulders exit potential, graphical support + fibonacci retracement & extension level. Breaking this level has opened a drop to the next fibonacci support (50%) at 100.70 first.
Trading recommendations:
Sell now
Take profit at 100.70
Stop loss at 109.55
The material has been provided by InstaForex Company – www.instaforex.com
The post USD/JPY Wave Structure for Long Term appeared first on forex-analytics.press.