FX:CADJPY   Canadian Dollar / Japanese Yen
110 3 3
REACHING CRITICAL 100.00 KEY LEVEL ONCE AGAIN. WHAT WILL HAPPEN?
I DONT KNOW. BUT I KNOW YESTERDAY ON THE D1 SCALE, IT CLOSED 4 PIPS ABOVE 100.00.
THATS GOTTA MEAN SOMETHING RIGHT?

EITHER WAY, IM LOOKING LONG ON THE TRENDLINE FOR TARGET UP UP AND AWAY.

D1 NOTE THAT CURRENTLY IT IS AT A 61.8% LEVEL. HOWEVER, DUE TO THE CLOSE ABOVE 100.00 LAST TRADING DAY, IM NOT SURE WHETHER IS THE 61.8% EVEN VALID ANYMORE.
snapshot
UPDATE 5TH JUNE : LOOKS LIKE THE BULLS WON. LOOK TO ENTER LONG @ 100.00 OR BETTER NEXT WEEK. ONLY LONG POSITIONS FOR NOW AND LONG TERM TRADE. REMEMBER WHEN USDJPY WENT ABOVE 100.00? ITS STILL ABOVE.
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Hey price action, a strong and clear daily close above 100 level would've been nice, but market is never perfect. Let's hope for the best :)
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Yes definitely. But IMO, its these little hidden things that hide from majority of traders. While the major players get away with it.
IMO. it is not easy to close just 4 pips above. Closing more than 4 is easy. But just 4 is not. Shows an existing clash between bulls and bears. That bulls won.
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