Up-trend retracement due - Sell opportunity
Strong up-trend due for reversal/retracement into the 0.618 - 0.382 fib zones or the 89 - 200 EMA
The Yen is also over sold, which can add to seller appetite.
Confluence:
BOS on Daily TF results in retrace
RSI over bought
EMA's fanned on lower time frames
Entry 172.100 - 172.900
SL 172.200
Move stop to entry once price reaches 171.300
TP 1 - 169.516
TP 2 - 165.888
TP 3 - 164.150
TP 4 - 162.474
Buying opportunities are at either of these TP levels
Alternative Sell entries could be 174. 676 or 177.479
The Yen is also over sold, which can add to seller appetite.
Confluence:
BOS on Daily TF results in retrace
RSI over bought
EMA's fanned on lower time frames
Entry 172.100 - 172.900
SL 172.200
Move stop to entry once price reaches 171.300
TP 1 - 169.516
TP 2 - 165.888
TP 3 - 164.150
TP 4 - 162.474
Buying opportunities are at either of these TP levels
Alternative Sell entries could be 174. 676 or 177.479