Here we are bang on that juicy breakout point at 107.00
I’ve been playing this pair to the long side since last week and hoping for a push . I haven’t got any particular target in mind if we were to see further strength from here. Judging how well the fibs have been working, a trip up towards 108.50 cannot be ruled out We need to gauge the strength of any such follow through. USDJPY has been running on risk and in lockstep with equities . So we may observe further clues from these as we enter the coming sessions — Price at time of writing 106.95
Mondays chart set out my plan – read the post here . Chart reposted below ……
USDJPY H4
Todays chart ……
USDJPY-H4
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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Good analysis.
thanks
Thanks kindly Muddy Pups
There should be a fair amount of stops above 107.00 . We have just broken – Weak break so far .
Sir, can you please suggest uj trade after today’s bearish pressure, any levels to look for, thanks