Knocking at 115 steel resistance
=> Here we expect the 115 handle to hold and a timely place for our previous longs to take profits off the table.
=> Well done all those who caught the buy side on this leg from USDJPY idea. Given how many levels are converged in this one area we expect it to hold.
=> The 115 area also encompasses the possible triangle pattern from 2016 (see our next USDJPY weekly idea coming in a few). If this is the correct technical perspective, USDJPY should eventually retrace back towards the base of the move circa 110/109.
=> Watch for signs of weakness and profit taking at 115, not much higher than here. Next support will lay at 112.9 and 111.8... any breaks lower here ulock 110/109.
=> Good luck all those trading this one live and well done to all longs
=> Well done all those who caught the buy side on this leg from USDJPY idea. Given how many levels are converged in this one area we expect it to hold.
=> The 115 area also encompasses the possible triangle pattern from 2016 (see our next USDJPY weekly idea coming in a few). If this is the correct technical perspective, USDJPY should eventually retrace back towards the base of the move circa 110/109.
=> Watch for signs of weakness and profit taking at 115, not much higher than here. Next support will lay at 112.9 and 111.8... any breaks lower here ulock 110/109.
=> Good luck all those trading this one live and well done to all longs
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.