As shown on Live Trading Session yesterday, the USD/JPY fell as expected due by overnight sell off in equities. Equities dropped due to de-risking ahead of Trump-Xi meeting, so we might see another bearish rejection on retracement. The POC 110.80-95 ( D H3, EMA89, ATR Pivot, trend line) could reject the price towards 110.18. Break below it should target 109.77 – the strongest daily support.
D H3 – Daily Camarilla Pivot (Daily Resistance)
POC – Point Of Confluence (The zone where we expect price to react – aka entry zone)
D L5 – Daily Camarilla Pivot (Strongest Daily Support)
W L4 – Weekly L3 Camarilla (Very Strong Weekly Support)
W L5 – Weekly L4 Camarilla (Strongest Weekly Support)
