USDJPY
As I said in the last weeks ... UJ went up as I said last weeks and approached the trend line and rejected from the area 109,800 where there is a very strong resistance!
.... even if maybe it will go up 30-40 pips UJ will reject from the trend line and will go down to the 107.800 area or even 106.800 from where ... UP AGAIN!
THIS WEEK...as I said last week, UJ has forced the trend line formed in recent years and strongly rejected!
UJ is in a range area between 110,200 and 108,200 but as you can see from the trend line for 1 week and from the Fibonacci for 1 month ... it is a lowering range reason why I will continue to look for SELL even if UJ will test the trend line again! |
However ... a close even for 1 day above the trend line forces me to think of BUY until the Fibonacci 0.5 area from where ... DOWN AGAIN
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GREAT ATTENTION:
*This information is not a Financial Advice.
.... even if maybe it will go up 30-40 pips UJ will reject from the trend line and will go down to the 107.800 area or even 106.800 from where ... UP AGAIN!
THIS WEEK...as I said last week, UJ has forced the trend line formed in recent years and strongly rejected!
UJ is in a range area between 110,200 and 108,200 but as you can see from the trend line for 1 week and from the Fibonacci for 1 month ... it is a lowering range reason why I will continue to look for SELL even if UJ will test the trend line again! |
However ... a close even for 1 day above the trend line forces me to think of BUY until the Fibonacci 0.5 area from where ... DOWN AGAIN
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
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