USD/JPY: week10
Hi Guys,
111 is key support here. Since the beginning of the year following the big dive to 105, USD/JPY climbed reguralarly from 108 to 112. Week8 brokeout without hesitating for the upside to hit 112 and week9 ended with a retest of 111. Monday morning could still hit week8 low and if it does I will probably go for a bounce. But after that I expect a week a ranging which I look forward to identify as soon as it unfolds during week10.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
111 is key support here. Since the beginning of the year following the big dive to 105, USD/JPY climbed reguralarly from 108 to 112. Week8 brokeout without hesitating for the upside to hit 112 and week9 ended with a retest of 111. Monday morning could still hit week8 low and if it does I will probably go for a bounce. But after that I expect a week a ranging which I look forward to identify as soon as it unfolds during week10.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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