USD/JPY About to Break the $112 Resistance Level

٢ مايو ٢٠١٧

EMA indicators both sets 50/100 EMA and 10/21 EMA are in a bullish divergence structure. Price action is making higher highs and higher lows. Price is also tightening indicating a breakout or breakdown is imminent. I believe this setup favors a break of resistance at $112 and eventually moves higher before retracing.

٤ مايو ٢٠١٧

ملاحظة

Played out nicely

٤ مايو ٢٠١٧

ملاحظة

UJ not done, expect at least a breach of 113 then retrace

٤ أغسطس ٢٠١٧

ملاحظة

Well.. I nailed this