USDJPY retest the drop channel line,i choose to long here.
Kommentare
Njvest
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Hi Ltscofield, I totally agree with your view. Also I do think it might sink up to 94 before making big up move. Bcoz 94 sits on 0.61% Fib on weekly chart so more likely there will be one more pull down till end of September due to BOJ rate talk and strong down trend is intact yet or it might pick up from current price 100. Even fundamentals (negative interest rate) support big up move up to 125 soon.
Thank you for the updates
Ltscofield
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yes ,my friend,from the observation in recent days ,we still can see the price is out of the downtrend line .so have to believe that the support of the trend line is still valid.and we also can find that 96 around is the bottom of the previous structure ,so we can setup our stop loss below this level.it's my view.
zakariafarih
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USD / JPY: The rebound is accentuated with a test of the 101, but how far can go higher before the Minutes of the Fed?
USD / JPY this morning highlights insider rebound yesterday, testing the psychological threshold of 101 with a recent high at 101.14.
Recall that yesterday, the pair fell to a low of 99.53, but the passage under 100.00 had caused a return of buyers and sellers to profit taking, which created a bouncing motion that this endures morning.
However, the threshold of 101 which is currently in the currency could be an obstacle for the moment, because of its technical importance but also because traders await tonight at 20h the minutes of the Fed, which could be very influential the Dollar.
Consolidation between 101.20 and 100.50 could be the most likely scenario in waiting. If new highs above 101.20, the next target will be at 101.50. In case of break below 100.50 support, the support to target are at 100 and 99.50.
Currently the USD / JPY moves around 101 forex.
SL: 100.30, TP: 101.12 / 101.45 / 101.60
Ltscofield
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nice idea!
TradZ
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should have been in a LONG in the first place unless you missed out on the bullish burst
Thank you for the updates