Hello all,
During the London opening last night we saw USDJPY push up from the price of 138.000 to about 139.000+.
I am now neutral on the pairing using historical data and current chart movements for my analysis.
Based on the last time USDJPY saw prices over 138.000 in April and October 1998, a full, candle body close above 139.400 will trigger a buy with targets 139.700 and 140.000. I have a resistance price set for 140.250.
If the price does a full, candle body close below 138.680 the pairing will go into a sell with the targets 138.430 | 138.000 | 137.640. I have a support price set for 137.430.
Be sure to like this post and let me know what you think in the comments!
During the London opening last night we saw USDJPY push up from the price of 138.000 to about 139.000+.
I am now neutral on the pairing using historical data and current chart movements for my analysis.
Based on the last time USDJPY saw prices over 138.000 in April and October 1998, a full, candle body close above 139.400 will trigger a buy with targets 139.700 and 140.000. I have a resistance price set for 140.250.
If the price does a full, candle body close below 138.680 the pairing will go into a sell with the targets 138.430 | 138.000 | 137.640. I have a support price set for 137.430.
Be sure to like this post and let me know what you think in the comments!
