USDJPY New Targets ! 113.600!
Keeping in mind Yellen speaks tomorrow and Friday is NFP after a month (September) full of Catastrophes for the U.S.
UJ: Still has an overall uptrend,Yes it hasnt been able to break the previous high after testing it. Price has been ranging between that high and +112.500 but it has maintained an uptrend structure with in that range.
Market is well above the 61.8 and 50.0 Fibonacci ratio from the last swing (low to high) with in that ranging zone.
Looking forward to a new HH (probably by the time Yellen is done speaking) But most likely the market is setting itself up for a good retracement with NFP. I'll have more to say about NFP by Thursday.
Technicals and risk/reward line up, Im taking my positions ..
UJ: Still has an overall uptrend,Yes it hasnt been able to break the previous high after testing it. Price has been ranging between that high and +112.500 but it has maintained an uptrend structure with in that range.
Market is well above the 61.8 and 50.0 Fibonacci ratio from the last swing (low to high) with in that ranging zone.
Looking forward to a new HH (probably by the time Yellen is done speaking) But most likely the market is setting itself up for a good retracement with NFP. I'll have more to say about NFP by Thursday.
Technicals and risk/reward line up, Im taking my positions ..
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