uj3-1024x405USD/JPY (H4): Fake Breakout

Forecast: Market unsuccessfully breaks above resistance and now falls. Targeting 118.4000

Alternative Scenario: Wait for rebound (from support) and catch increases

Comments: The pair moves in a clear consolidation

Payout: PUT @ 183.6550 à 77% return expiring at 23:30GMT

UJ_chart 25.02

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.