We have a pull back happening to retest the resistance level that was broken. The 78.6 Fib level is lining up with new found support level. Set a buy limit order at the 78.6 fib level. Set your Stop Loss to 30 pips. Move your stop loss into 2 pip profit once you are 15-20 pips in profit. Also, be aware that price may not pull all the way back to the 78.6...
We have confluence where the 61.8 fib meets the resistance zone. We also have a trendline looking for a third touch. These are three strong confluence indicators.
USDJPY Potential Trade Ideas 12/2/2018