The 5%ers' Blog

Fibonacci 61.8 Retracement With Supply Level On USDJPY 26/12/2018

December 26, 2018 | 2:53 pm | The 5%ers' Blog
December 26, 2018 | 2:53 pm
The 5%ers' Blog

The USDJPY is after a- 350 pips of a downtrend,  as a forex trader I’m a big fan of Supply&Demand levels, I believe that it’s all about supply and demand, the supply above is a great Supply of sell position, it’s also a support resistance zone from the near past, and, it’s also the 61.8 Fibonacci level which makes it even stronger level for sell position, the combination Of a great supply and Fibonacci level usually very reliable one.

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