USDJPY 3,2,1...GO!

5 Nov 2015

At first the MA200 and the EMA 50, then the strong resistance at 121.5 is finally broken after 2 close timed touches and successfully tested in a Bounce Back above. The Fibo is speaking a clear Language too. So the Price had enough Time (since late august) between ~121.5 and ~118.5 to collect some new Power for another long journey up. At least till the 1618 Line in the Chart is reached, but i want to make sure i trigger my T/P, so i orientate on the Blue drawn Trendline at the Top. We enter at 122.200 because i see Powerful Heikin Ashi Bars and i want to be in a safe distance to 121.5, so i can sleep Good at Night :D Possibly we have to expect a correction in the area around ~123.0, but i dont think it goes much deeper then 122 and turns back in right direction. Even if that happens we have enough air to breathe until we see the S/L at 121.184.